US Postal Service halts China suspension after stoking trade fear
AFP | Washington
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The US Postal Service (USPS) said yesterday it would continue accepting packages from China and Hong Kong, hours after an order to suspend shipments over President Donald Trump’s new tariffs sparked fears of major trade disruptions.
Tensions between the US and China have soared in recent days as the world’s two largest economies slapped a volley of tariffs on each others’ imports, hitting hundreds of billions of dollars in trade.
As part of Trump’s tariffs -- which he enacted citing drug trafficking concerns -- the United States on Tuesday scrapped a duty-free exemption for low-value packages.
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