US E-COMMERCE IMPORTERS SET FOR BIG PRICE HIKES ON PARCELS FROM CHINA

Lloyds Loading List on 10th September reported that, with the US expected to leave the Universal Postal Union (UPU) Convention in October, the US Postal Service has declined to comment on reports of potential fourfold inbound price rises from ‘developing’ countries, such as China.  The Trump Administration had announced plans to leave the UPU in protest against cheap delivery rates for imported parcels, especially from China, that put US domestic shippers at a competitive disadvantage.  It is said that such a move would be expected to lead to significant price rises for international parcels from several countries that have been classed as ‘developing’ countries under UPU rules, including China, with one analyst estimating that it would lead to a rate hike of at least 300% on postal parcel traffic to the US from those countries.

https://www.lloydsloadinglist.com/freight-directory/news/US-e-commerce-importers-set-for-big-price-hikes-on-parcels-from-China/74957.htm#.XXithndFx9A

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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