U.S. To Pull Out Of Cheap Shippeng Treaty

[lightwing_studios]

Looks like the flood of Chinese made goods on Ebay and other platforms may take a major hit if Trump follows thru. Not good for them but good for US sellers and manufacturers.

[dtexley3]

Link?

[lewisburggold]

We are really hoping this goes through.  We think it will help U.S sellers also.  Best regards

[ersatz_sobriquet]

From NYT: 

State Department officials were expected on Wednesday to inform officials at the Universal Postal Union in Bern, Switzerland, a branch of the United Nations that administers the treaty, of their intention to pull out of the system and "self-declare” new, higher rates on China, a United States official said.

According to the union’s rules, members will have a year to renegotiate new terms before the withdrawal becomes permanent.

Wow, about time. Treat is from 1874 and not fair in today's world. 

[newview]

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@dtexley3 wrote:

Link?

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https://www.usatoday.com/story/news/politics/2018/10/17/donald-trump-administration-moves-pull-out-p...

[lightwing_studios]

https://www.politico.com/story/2018/10/17/trump-withdraws-from-postal-treaty-910675

[binderzz]

https://www.zerohedge.com/news/2018-10-17/trump-goes-postal-abandons-144-year-old-shipping-treaty-ch...

"... It is often possible for a Chinese company to sell ‘knockoff’ products through online vendors, such as Amazon or [ebay], to U.S. consumers for less than it costs for American mailers to ship authentic goods. Moreover, while USPS loses an estimated $1 on every small package that arrives from China, outbound mail of American exporters is charged at well above cost.” ..."

The UN (and their international postal rate setting bureau - the UPU) considers mainland China to be a developing nation worthy of subsidies from developed nations like the USA.

[ersatz_sobriquet]

[couldabeenworse]

I wouldn't get too excited yet.  It's Phase 1 of negotiations over much broader trade issues.

[binderzz]

😉

The issue isn't 144 years old and it predates 2008 but the current director of the UN UPU is a Kenyan named "Bishar Abdirahman Hussein".

http://www.upu.int/en/the-upu/director-general/about-the-director-general.html

[dtexley3]

Sounds like it could take a year to exit the treaty.  Sigh, was hoping for a quick exit and then they renegociate.

[southern*sweet*tea]

Wow, if this happens what are all the 99 cent free shipping junkies going to do to get their fix??

Frankly, it's about time. I'm sorry, but China is no longer a developing nation, I don't care how anyone tries to spin it.

[binderzz]

China is still a communist nation, I don't care how anyone tries to spin it.

[ersatz_sobriquet]

[pburn]

Edit error.