USPS temporarily suspends some inbound packages from China, Hong Kong

USPS temporarily suspends some inbound packages from China, Hong Kong


A United States Postal Service worker pushes a cart of packages in New York City, on Dec. 4, 2023.

Brendan Mcdermid | Reuters

The U.S. Postal Service said Tuesday it’s temporarily suspending all inbound packages from China and Hong Kong Posts.

The change is effective immediately and will remain “until further notice,” according to an alert posted to the agency’s website. Letters and large envelopes, referred to as “flats,” sent from China and Hong Kong won’t be impacted, the USPS said.

The announcement comes after President Donald Trump on Saturday signed executive orders imposing tariffs on China, Mexico and Canada. Trump on Monday agreed to hold off on imposing 25% tariffs on Canada and Mexico for 30 days, but the 10% tax on goods from China remains.

A provision in the orders eliminates a popular trade loophole, known as “de minimis,” which allows exporters to ship packages worth less than $800 into the U.S. duty free.

Chinese e-commerce firms, including Shein and PDD Holdings‘ Temu, have relied on the de minimis loophole as a way to bypass tariffs, and keep prices low.



Source

What’s next for Apple stock after big iPhone sales everywhere, even China
Technology

What’s next for Apple stock after big iPhone sales everywhere, even China

Apple on Thursday evening reported a blowout holiday quarter, driven by a 23% increase in iPhone sales. A strong revenue guide for the current March quarter suggests this strong device cycle will continue. Revenue in Apple’s fiscal 2026 first quarter, which ended back on Dec. 27, rose 16% year over year to $143.76 billion, exceeding […]

Read More
Elon Musk’s  billion spending plan signals ‘Tesla of yesterday is gone’
Technology

Elon Musk’s $20 billion spending plan signals ‘Tesla of yesterday is gone’

Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference at the Porte de Versailles exhibition center in Paris on June 16, 2023. Gonzalo Fuentes | Reuters At Tesla’s factory in Fremont, California, the automaker plans to make robots instead of its older cars, as it gears up to spend $20 billion this […]

Read More
Microsoft lost 7 billion in market cap as stock plunged most since 2020
Technology

Microsoft lost $357 billion in market cap as stock plunged most since 2020

Microsoft CEO Satya Nadella gestures as he speaks during the World Economic Forum meeting in Davos, Switzerland, on Jan. 20, 2026. Fabrice Coffrini | Afp | Getty Images Microsoft shares slid about 10% on Thursday following an earnings report that disappointed some investors, prompting the stock’s sharpest daily decline since March 2020. The move trimmed […]

Read More