Wednesday, 21 November, 2018

Trump pulling out of pact on discounted foreign postal deliveries

Trump to Withdraw U.S. From Postal Treaty Squeezing ChinaMore Trump to Withdraw U.S. From Postal Treaty Squeezing ChinaMore
Jean Garcia | 19 October, 2018, 14:59

The action by the White House has been attributed by many sources as a response to UPU rates favoring other countries, with China singled out most frequently.

The Barack Obama administration's "pivot to Asia" strategy was clearly aimed at containing the Chinese influence in the Asia-Pacific region, and the subsequent Trump administration went a step further when it renamed the geographical area "Indo-Pacific region", underlining the centrality of India in the USA containment strategy. Efforts will continue to renegotiate the rates during the year, but The New York Times reported the USA will "self-declare" new rates to be charged on shipments from China to this country.

Trump's order that the U.S. Postal Service withdraw from an obscure 192-nation postal treaty threatens to hit American shoppers who have grown used to bargains on platforms such as EBay Inc. and Amazon.com Inc. China has maintained its restraint since the beginning of the ongoing trade war, but that does not mean it is inferior to the United States in capabilities. "This has been a big advantage for them for many years and how they've beat out the American seller on their own turf".

Li-Gang Liu, chief economist for China at Citi, said that a major stimulus announced last month by Guangdong Province, China's export center, that includes tax, land and utilities measures, is a prime example of the new trend in the country.

"If negotiations are successful the administration is prepared to rescind the notice of withdrawal and remain in the UPU", according to a statement from White House press secretary Sarah Sanders.

"Zhao Quansheng, director of the Centre for Asian Studies at American University in Washington, said in Beijing that Trump needed a chance to "declare victory" in the trade war to the American people, while China would find it easier to compromise on trade rather than on more sensitive issues like Taiwan".

Prince Harry climbs Sydney Harbour Bridge to launch Invictus Games WITHOUT Meghan
"He asked me about my big feet, because I'm quite tall, and he said I must be built for a lifeguard", Sebastian said. The couple learned about how the Woodleys and other farming families are coping with the drought.

The move is the latest by the administration of President Donald Trump to distance itself from global multi-lateral organizations and accompanying policies that it feels are hurtful to the United States.

The move looks likely to exacerbate the ongoing economic conflict with Beijing. Withdrawal from the postal treaty does not take effect for at least one year, setting the stage for talks which could renegotiate its terms.

The State Department on Wednesday was scheduled to provide a notice in Switzerland to indicate that the USA will be initiating withdrawal procedures from the UPU.

Trump administration officials say the leg up, granted under a 1969 provision, was meant to promote growth in poor countries.

"Manufacturers and manufacturing workers in the United States will greatly benefit from a modernized and far more fair arrangement with China", Jay Timmons, president of the manufacturers association, said in a statement.

Peter Navarro, Trump's uber-protectionist and anti-China adviser, attacked the UPU as part of a Financial Times op-ed in September.

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