-
Gill enjoys more Edgbaston success as India beat England in 1st ODI
-
England v Argentina: World Cup battles
-
IBM shares plunge as AI spending boom disrupts business
-
Argentina v England in the World Cup: much more than just a game
-
NY pauses new large data center projects for one year
-
Green groups sue to block Trump rule gutting species habitat protections
-
First day of new Lebanon-Israel talks in Rome has ended: US official
-
Man Utd sign Aston Villa midfielder Tielemans
-
Cuba faces third nationwide blackout in less than 10 days
-
Pogacar inspired by Djokovic after Tour de France jeers
-
Trump backtracks on plan to toll Hormuz ships
-
Balogun admits red card furore affected US World Cup team
-
France, Spain battle for place in World Cup final
-
Pogacar inspired by Djokovic amid Tour de France jeers
-
Pogacar inspsired by Djokovic amid Tour de France jeers
-
'Gus' the T. rex fetches record $50.1 mn at US auction
-
Croatia ex-international Simic held in graft case
-
Dollar slides as rate hike prospects ease, oil gains moderate
-
Record-smashing US heat wave surges from West to East
-
England won't be drawn into Argentina World Cup rivalry: Kane
-
Why does Brazil's PIX payment system bother Donald Trump?
-
Swiss World Cup squad return home to heroes' welcome
-
Pogacar wins Tour de France 10th stage on Bastille Day
-
Too hot: Buttoned-up Tokyo officials ditch suits for 'cool' shorts
-
US Supreme Court justices defiant as threats hit home
-
Arsenal agree Trossard fee for Beskitas switch
-
Brighton sign Croatia defender Veskovic for record fee
-
France flaunts firepower, unity with allies in huge parade
-
US inflation cools in June before renewed Mideast fighting
-
Ticking time bomb? Europe's ageing population brings challenges
-
India spark collapse before Root leads England to 258 in 1st ODI
-
Oil gains on fresh attacks, dollar slides as inflation slows
-
Dua Lipa backs Albanian protests against Trump-linked resort
-
Fire ravages popular forest outside Paris
-
Dangote's mega oil project threatens fragile Kenyan ecosystem: Greenpeace
-
US consumer inflation cools in June on lower energy costs
-
Rose says there's still time to realise British Open dream
-
Israel says ready to move on pilot zones amid new Lebanon talks
-
Ukraine PM resigns in Zelensky-ordered reshuffle
-
Croatia ex-international Simic held in graft case: report
-
Glasner warns 'no button to press' for Forest success
-
SCANDIC TRADE & SNC SCANDIC COIN:
AI Meets Non-Custodial Trading
-
Swiss probe Google dropping search choice on Android phones
-
France and Spain clash in World Cup semi-final
-
MEXC Reports 7.1 Billion USDT in SpaceX Futures Volume as Q2 Closes the Gap to Wall Street
-
Knight wants England women to play more red-ball cricket after India loss
-
DR Congo health workers on Ebola front line threaten strike
-
Oil extends gains after fresh US strikes
-
Turn off addictive features on social media for children, say EU lawmakers
-
EU population to peak in 2029 before long-term decline
US Postal Service halts China suspension after stoking trade fear
The US Postal Service (USPS) said Wednesday 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 trade actions -- which he enacted citing drug trafficking concerns -- the United States on Tuesday scrapped a duty-free exemption for low-value packages.
The "de minimis" exemption allows goods valued at $800 or below to enter the United States without paying duties or certain taxes, but it has faced scrutiny due to a surge in shipments in recent years.
The US Customs and Border Protection agency said last month that exemption shipments were worth over $1.36 billion in 2024, creating challenges for its enforcement of trade laws, health and safety requirements, intellectual property rights, and consumer protection rules.
US officials have pointed to the growth of Chinese-founded online retailers Shein and Temu as a key factor behind the increase -- and Tuesday's halt threatened major delays to parcels from both companies from entering the country.
But Wednesday morning the USPS said it would "continue accepting all international inbound mail and packages from China and Hong Kong Posts."
"The USPS and Customs and Border Protection are working closely together to implement an efficient collection mechanism for the new China tariffs to ensure the least disruption to package delivery," it added, without further details.
Beijing had responded with fury to the move, accusing the US of "politicizing trade and economic issues and using them as tools."
Vowing to "take necessary measures to resolutely safeguard the legitimate rights and interests of Chinese companies," foreign ministry spokesman Lin Jian accused Washington of "unreasonable suppression."
AFP has reached out to Shein and Temu for comment.
Other retailers such as Amazon might also be impacted by the "de minimis" removal.
The low-cost retailers took another hit Wednesday as the European Commission announced it would seek to impose new fees on e-commerce imports -- the bulk of which come from China.
The measures are part of efforts to tackle a surge of "harmful" products into the bloc.
- Tariff standoff -
Tuesday saw Beijing say it would impose levies on imports of US energy, vehicles and equipment in a return salvo minutes after Trump's threatened tariffs on Chinese goods came into effect.
A day earlier, Trump suspended duties on Mexico and Canada for a month after both countries vowed to step up measures to counter flows of the drug fentanyl and the crossing of undocumented migrants into the United States.
Beijing's moves hit roughly $20 billion worth of US goods per year -- roughly 12 percent of total American imports into China, according to calculations by Capital Economics.
But their impact is a far cry from US tariffs announced over the weekend, which will affect some $450 billion worth of goods.
Although earlier it appeared that US parcels could still be sent from Macau, by Wednesday evening the semi-autonomous Chinese city's post office announced that its service was also suspended.
Trump had signalled earlier that the talks with Xi could take place early this week, but addressing reporters at the White House Tuesday afternoon, he said he was in "no rush."
M.Ouellet--BTB