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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: 2, Funny) by Anonymous Coward on Monday October 22 2018, @07:14AM
Walls are way cheaper than interstate highways. Note the interstate highways all over the country.
The wall is cheaper than the cost of dealing with the illegal aliens for 2 years. It thus pays for itself quickly. It would be a good investment even if we had to replace it ever 2 years.
The wall is pocket change for the Mexican government. They can easily afford it.
The wall is not even pocket change for the US government. Using appropriate units for US government finances, the wall cost rounds to $0.