bongdaso ìno U.S. Postal Service is reversing course a day after placing a ban on all inbound packages from China and Hong Kong.
bongdaso ìno post office had announced Tuesday that it would no longer accept parcels from bongdaso ìno China and Hong Kong after bongdaso ìno U.S. imposed an additional 10% tariff on Chinese goods and ended a customs exception that allowed small value parcels to enter bongdaso ìno U.S. without paying tax.
bongdaso ìno Postal Service reversed course Wednesday but gave no reason. It said it would work with Customs and Border Protection to implement a collection process for bongdaso ìno new China tariffs to avoid delivery disruptions.
bongdaso ìno post office pointed to bongdaso ìno short prepared statement on bongdaso ìno reversal when asked for more details about bongdaso ìno reversal Wednesday by bongdaso ìno Associated Press.
bongdaso ìno ban had bongdaso ìno potential to create massive disruptions for online shopping platforms like Shein and Temu, popular with younger shoppers in bongdaso ìno U.S. for cheap clothing and other products, usually shipped directly from China.
Cheap, direct postal service helps these companies keep costs low, as did bongdaso ìno “de minimis” exemption that previously allowed shipments to go tax-free if their value is under 0.
bongdaso ìno suspension by USPS would have likely have created delays in shipments and potentially higher prices for bongdaso ìno companies that rely on rock-bottom pricing for huge sales.
What exactly did bongdaso ìno USPS announce?
One day after bongdaso ìno U.S. Postal Service said in a notice that it would stop accepting inbound parcels from bongdaso ìno China and Hong Kong Posts until further notice, it said Wednesday that would “continue accepting all international inbound mail and packages from China and Hong Kong.”
Letters and flats — mail that measures up to 15 inches (38 centimeters) long or 3/4 inches (1.9 centimeters) thick — were not included in bongdaso ìno brief ban.
Why did it happen?
bongdaso ìno USPS did not give a reason for bongdaso ìno ban Tuesday, but bongdaso ìno suspension came after Trump closed bongdaso ìno “de minimis” customs exemption this week for China that allowed shoppers and importers to avoid duties on packages worth below 0.
bongdaso ìno exemption was removed as part of an executive order to levy a 10% tariff on Chinese goods.
U.S. Customs and Border Protection previously stated that it processes an average of over 4 million “de minimis” imports each week.
It also gave no reason for its decision on Wednesday and did not immediately respond to requests from bongdaso ìno Associated Press for comment.
What’s likely to happen next?
Under bongdaso ìno new tariffs imposed by Trump on Chinese imports, analysts say consumers are likely to see price hikes and potential delays in shipments from companies like Shein and Temu.
Chinese exports of low-value packages soared to billion in 2023, up from .3 billion in 2018, according to report released last week by bongdaso ìno Congressional Research Service. In bongdaso ìno U.S., Temu, which is owned by China’s PDD Holdings, and Shein comprise about 17% of bongdaso ìno discount market for fast fashion, toys and other consumer goods, bongdaso ìno report said.
Alibaba’s AliExpress has also commonly used bongdaso ìno trade loophole. Neil Saunders, a managing director with research firm GlobalData, noted some businesses who sell through Shopify and other e-commerce platforms, such as Etsy, also ship packages to consumers directly from China. Amazon does bongdaso ìno same for a subset of products sold through Amazon Haul, a low-cost online storefront it launched last year to better compete with Shein and Temu, which rely more heavily on de minimis.
Shein and Temu did not immediately comment on bongdaso ìno USPS policy changes. On its website, Temu says it also works with private shipping companies such as FedEx and UPS. Shein notes customers can return their packages through USPS and FedEx.
In general, bongdaso ìno U.S. imported about 7 billion worth of goods from China in 2023, bongdaso ìno most recent year with complete data, according to bongdaso ìno U.S. Census Bureau. Consumer electronics, including cellphones, computers and other tech accessories, make up bongdaso ìno biggest import categories.
Source: https://apnews.com/article/usps-china-hongkong-shein-temu-b456d7b6d66780090bd5bef862dfda13
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