cross-posted from: https://lemmy.world/post/35098148
At least 25 countries have decided to suspend package deliveries to the United States, as concern grows over the impact of U.S. President Donald Trump’s looming tariffs, a UN body said Tuesday.
The Trump administration said late last month that it will abolish a tax exemption on small packages entering the United States from August 29.
The move has sparked a flurry of announcements from postal services, including in France, Britain, Germany, Italy, India, Australia and Japan, that most U.S.-bound packages would no longer be accepted.
The United Nations’ Universal Postal Union said it had already been advised by 25 member countries that their postal operators “have suspended their outbound postal services to the U.S., citing uncertainties specifically related to transit services”.
It said the suspensions will remain in place until there is more clarity on how U.S. authorities plan to implement the announced measures.
The UPU did not provide a list of postal services it had heard from.
Bloomberg can’t make estimates because they don’t know where tariffs will end up. No one does, hence the uncertainty that is hurting the market.
407 product categories. Read that again. Not 407 products, categories.
The US imports 44% of its Aluminum and cannot supply that itself within the next decade even with increased investments.
The media is dead silent on thousands of small businesses that have already folded. Thousands more will go out of business in the next year.