EconomyLens.com
No Result
View All Result
Tuesday, June 17, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

US Postal Service says suspending parcels from China

Thomas Barnes by Thomas Barnes
February 5, 2025
in Economy
Reading Time: 3 mins read
A A
1
27
SHARES
339
VIEWS
Share on FacebookShare on Twitter

The US Postal Service says it will temporarily suspend inbound parcels from China and Hong Kong, shortly after Washington imposed fresh tariffs on Beijing. ©AFP

Washington (AFP) – The US Postal Service (USPS) has said it is temporarily suspending inbound parcels from China and Hong Kong, evoking an angry accusation of “unreasonable suppression” from Beijing on Wednesday. The order follows US President Donald Trump’s imposition of additional 10 percent tariffs on Chinese imports starting Tuesday. Minutes after they took effect, Beijing unveiled new levies on a wide range of US goods in retaliation, fuelling fears of an escalating trade war between the world’s two largest economies.

Related

UK automakers cheer US trade deal, as steel tariffs left in limbo

Global oil demand to dip in 2030, first drop since Covid: IEA

US retail sales slip more than expected after rush to beat tariffs

Why stablecoins are gaining popularity

Bank of Japan holds rates, will slow bond purchase taper

The USPS halt, which was unveiled over the weekend, will take place “until further notice.” Asked about the suspension at a regular news briefing on Wednesday, China’s foreign ministry said that “as a matter of principle…we urge the United States to stop politicizing trade and economic issues and using them as tools, and to stop the unreasonable suppression of Chinese companies.” Spokesman Lin Jian added that China would “continue to take necessary measures to resolutely safeguard the legitimate rights and interests of Chinese companies.”

The order also eliminated a duty-free exemption for low-value packages. The “de minimis” exemption allows goods valued at $800 or below to come into the United States without paying duties or certain taxes. But it has faced scrutiny because of a surge in shipments claiming the exemption in recent years. US officials pointed to the growth of Chinese-founded online retailers Shein and Temu as a key factor behind this increase — and Tuesday’s halt could delay parcels from both

© 2024 AFP

Tags: Chinatariffsusps
Share11Tweet7Share2Pin2Send
Previous Post

Stock markets stutter as traders weigh China-US trade flare-up

Next Post

Nissan shares fall as reports say Honda merger talks off

Thomas Barnes

Thomas Barnes

Related Posts

Economy

Ecuador pipeline burst stops flow of crude

June 16, 2025
Economy

Yen slides ahead of Bank of Japan policy decision

June 16, 2025
Economy

War, trade and Air India crash cast cloud over Paris Air Show

June 16, 2025
Economy

China factory output slows but consumption offers bright spot

June 16, 2025
Economy

US Fed set to hold rates steady in the face of Trump pressure

June 16, 2025
Economy

US Fed set to hold rates steady in the face of Trump pressure

June 14, 2025
Next Post

Nissan shares fall as reports say Honda merger talks off

China holds out hope last-minute deal can avert US trade war

Toyota announces Lexus EV plant in Shanghai

Santander reports record profit for third straight year

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

72

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

US retail sales slip more than expected after rush to beat tariffs

June 17, 2025

Taiwan tests sea drones as China keeps up military pressure

June 17, 2025

G7 leaders urge Trump to ease off trade war

June 17, 2025

Oil prices rally, stocks slide as traders track Israel-Iran crisis

June 17, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.