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Submitted via IRC for Bytram
Trump to pull US out of postal treaty
The US has announced plans to withdraw from a 144-year-old postal treaty, which the White House says lets China ship goods at unfairly low prices.
Under the treaty, a UN body sets lower international rates for packages from certain countries, a move originally designed to support poorer nations.
But the US says the discounts put American businesses at a disadvantage.
Officials said they hoped the notice of withdrawal would set the stage to agree a better deal.
"We're looking for a fair system," a senior administration official told reporters. "We do hope that ultimately we achieve a negotiated outcome."
The BBC's Asia business correspondent Karishma Vaswani says the move to pull out of the treaty is aimed at forcing the Chinese to give up the developing nation status they had when they first entered the pact back in 1969.
[...] The process of withdrawing from the treaty takes at least a year and the White House said it would be willing to remain in the UPU if negotiations were successful.
The US Postal Service and companies such as Amazon and FedEx have complained about the discounts for foreign shippers for many years.
(Score: 3, Interesting) by realDonaldTrump on Sunday October 21 2018, @10:39PM
Believe me, folks, there are a LOT of them. Because for a long long time we had very corrupt leaders. Working very hard for the globalists. Not for our Country!
I've been tremendously successful in business. I have made billions of dollars making deals. Now I’m making our Country rich again. America has lost nearly-one third of its manufacturing jobs since 1997, following the enactment of disastrous trade deals supported by Bill and Crooked Hillary Clinton. I am turning our bad trade agreements into GREAT ones. Our horrible agreements with China and many others will be TOTALLY renegotiated. Not just Treaty of Bern. UPU. I renegotiated NAFTA to get a much better deal for America -- my USMCA. I canceled TPP. Canceled the horrible Iran Deal. I'm pulling out of the Paris Climate Scam. Pulling out of WTO. Canceling the IMF, the nuclear.
We love a good deal. Whoever wants to make a deal, talk to us. But we’ll WALK AWAY if we don’t get the deal that we want!