Trump pulling out of pact that discounted foreign postal deliveries

United States Postal Service and other mail outside a home

Another official said the system allowed for a 40 to 70 percent discount on small packages arriving in the United States from China compared to what it would cost to send them domestically, costing $300 million.

The White House said the UPU enables foreign postal services to take advantage of cheap shipments to the United States, creating an unfair cost advantage over U.S. companies that ship goods, and hurting the U.S. Postal Service. After trading blows with Beijing this year, it now levies USD250 billion worth of tariffs on Chinese goods exclusively. Small businesses within the U.S. who manufacture at low enough quantities to get their components/raw-materials shipped under the e-packet rates will also see a hit.

American firms say it can cost significantly more to post an item within the United States than it does to send the same item to the U.S. from China.

He postulated in 2005 that if China maintained the pace of economic growth and military buildup that it was making at the time, it was likely to be locked into intense security competition with the United States, with the possibility of military conflict.

"He (Trump) wants that USA stays ahead, economically and is not taken over by China".

The reason for this was unfair, according to the administration of President Donald trump, the benefits of Internet Commerce, which receives mainly China but also other countries such as France and Germany. The US Chamber of Commerce has said this treaty, "leads to the United States essentially paying for Chinese shipping".

Peter Navarro, Trump's uber-protectionist and anti-China adviser, attacked the UPU as part of a Financial Times op-ed in September. The wild, unsubstantiated accusations are meant to justify the Trump administration's "whole-of-government" strategy aimed at undermining what it regards as a risky strategic competitor, at any cost.

Combined Powerball, Mega Millions jackpots top $1.3 billion
When the jackpots flirt with the half-billion-dollar mark, state lotteries don't even feel the need to advertise, he said. And one of those, sold in Texas, had the Megaplier option, available in most states for an extra $1.

"Something has to be done", he said. "China is an energy hungry superpower and the United States is once again a major player on the energy export markets".

Also this week, China's intellectuals have expressed concerns over the Sino-U.S. trade war, with many calling for an end to the escalating tensions.

Collier raised the possibility of municipal government defaults, which he described as "more or less unheard of in China". Despite his own words, he called what is happening between China and the United States a "skirmish" instead of a "trade war".

Similarly, the US Treasury Department has refrained from labelling China a currency manipulator.

But the report says that six nations - China, Germany, India, Japan, South Korea and Switzerland - will remain on a watch list subjecting them to added US pressure to lower trade surpluses. New rates will take at least six months to take effect.

Information for this article was contributed by Glenn Thrush of The New York Times; by Justin Sink and Alyza Sebenius of Bloomberg News; by Danielle Paquette of The Washington Post; and by Zeke Miller, Martin Crutsinger and Paul Wiseman of The Associated Press.

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