Trump pulling U.S. out of international pact on postal rates

ㅤ"A senior White House official said the State Department formally notified the Universal Postal Union, a coalition of 193 countries, that the U.S. intends to withdraw from the pact within 12 months if the administration can’t negotiate more favorable shipping rates.
ㅤ’People are getting hurt in this country by an unfair system,’ the official said. ‘We’re initiating the withdrawal process today. We’re going to try to negotiate in the meantime.’
ㅤUnder the current UPU system, a one-pound package shipped by a U.S. business costs between $10 to $13. But China pays only about $2.50 for shipping in the U.S., the official said.
ㅤ’The U.S. postal services winds up picking up the tab for that,’ said the official.
ㅤNational Association of Manufacturers President and CEO Jay Timmons said President Trump ‘deserves tremendous credit for the administration’s focus on eliminating the anti-U.S. manufacturer subsidy China receives from the U.S. Postal Service.’
ㅤ’This outdated arrangement contributes significantly to the flood of counterfeit goods and dangerous drugs that enter the country from China,’ Mr. Timmons said. ‘Manufacturers and manufacturing workers in the United States will greatly benefit from a modernized and far more fair arrangement with China.’"

Full story at The Washington Times. Posted here on 10/17/18. See "china, universal postal union, conservative, politics."

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