Trump’s trade wars: the US Post Office has stopped accepting parcels from China
5 February 14:35
on February 5, 2025, the United States Postal Service (USPS) announced a temporary suspension of incoming mail from China and Hong Kong. This decision was made for an indefinite period, Komersant ukrainskyi reports with reference to Radio Liberty.
The reason for this step was the introduction of new trade restrictions by the administration of US President Donald Trump. In particular, on February 4, a decree came into force imposing an additional 10 percent duty on all imports from China to the United States.
In response to this decision, the Chinese authorities quickly introduced their own restrictive measures, including:
- a 15 percent tax on imports of U.S. coal and liquefied natural gas;
- a 10 percent duty on imports of crude oil, agricultural machinery, pickup trucks, and cars with large engines.
China’s official reaction was expressed at a briefing by the Ministry of Foreign Affairs, where spokesperson Lin Jian called on the United States to stop politicizing trade and economic issues and unjustifiably suppressing Chinese companies. He also emphasized China’s readiness to continue the necessary measures to protect the legitimate rights and interests of Chinese enterprises.
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Trump’s trade wars
It is worth noting that the United States has imposed similar trade restrictions not only on China, but also on Mexico and Canada, the two other largest trading partners of the United States.
These measures have caused concern among American companies that depend on metal imports from Canada and Mexico. They are expected to look for alternative sources of supply, particularly in the Middle East, India, Chile, and Peru, which could lead to higher prices for aluminum and copper in the United States.
In addition, Canadian consumers reacted to the imposition of duties by boycotting American goods, canceling trips to the United States and refusing to buy American alcohol.
However, after negotiations with the leaders of these countries, President Trump agreed to postpone the introduction of duties for Mexico and Canada for 30 days.
Economists warn that such trade disputes could slow global economic growth and cause inflation. Stock markets in the Gulf countries reacted with a decline due to fears of a possible trade conflict. The cryptocurrency market also collapsed.
