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USPS Pauses Acceptance of CN/ HK Packages; FedEx, SF To Keep Delivering
The U.S. Postal Service (USPS) announced a temporary pause on acceptance of packages from China and Hong Kong, while letters (up to 38 cm in length or 1.9 cm in thickness) will not...
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USPS Pauses Acceptance of CN/ HK Packages; FedEx, SF To Keep Delivering
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The U.S. Postal Service (USPS) announced a temporary pause on acceptance of packages from China and Hong Kong, while letters (up to 38 cm in length or 1.9 cm in thickness) will not be affected, after the U.S. President Donald Trump's 10% tariff hike on Chinese goods went into effect on Tuesday (4th), along with Washington's elimination of the "small value exemption" for parcels.

Express carriers including FedEx (FDX.US)      and SF HOLDING (06936.HK)  -0.300 (-0.741%)    Short selling $7.18M; Ratio 9.005%   said that they will keep sending packages to the U.S.. Morningstar senior equity analyst Chelsey Tam said she thought it will take some time for the USPS to sort out how to implement the new tax before it will again be allowed to accept packages from China, but that it will be a major challenge, because there were 4 million small duty-free packages a day in 2024 alone, and it will be very difficult to check them all.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-03-19 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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