I wonder how that will impact the USPS ? I tend to think it will help their bottom line a bit due to the international price agreements many countries have.
Now, UPS and FedeX and other such companies, I think they could be in for a world of hurt if this is really true and continues for a while.
Like many others, I'm of the opinion that shit is about to hit the fan in terms of the economy. Too many alarm bells, too many attempts by the admin to cover up and distract from the pillars starting to show cracks.
I hope the recession ends up being smaller in length and magnitude than the 2008-2009 recession because that one wrecked an entire generation in terms of wealth and psychology.
There's a six-month period for new systems to be implemented.
> 88 operators worldwide fully or partially suspending services, the Universal Postal Union.. said operators didn't have enough time to prepare for the changes, or to put in place mechanisms to collect the duties and establish a link with the relevant US authorities.. The agency is working on "the rapid development of a new technical solution that will help get mail moving to the United States again," UPU Director General Masahiko Metoki said
demented don and pedophile of the united states strikes again.
This administration continues to find new ways to make this country shittier for the common man. Lower courts recently found his tariffs to be illegal but given the corrupt state of the SCOTUS. It’s only a matter of time until it’s overturned.
It’s sad that the best we can do is _delay_ the damage this demented fool is doing to this country.
Doesn’t matter if you are "right" or "left". Arkansas farmers getting steam rolled by this awful tariff policy from orange man administration [1] to the point where they are asking for bailouts.
The only people benefiting from those tariffs are billionaires hoping to put the common man into more debt or continue to buy up depreciating assets due to squeezing from all angles.
As much as I like getting cheap things for next to nothing, I have always been horrified about the way that the Chinese firms were able to price things at next to nothing on eBay. Why? All because the postal treaty allowed the Chinese post office to dump all of the delivery costs on the Americans.
The costs need to be apportioned accurately and the Chinese firms were getting a great deal on the backs of the regular postal users in the US.
I suspect most of this is about the elimination of the de minimis exemption (which the article explains) rather than tariffs per se. A lot of countries previously had 10% tariffs and whether tariffs are 10% or 50% or 100%, that's just a number in a spreadsheet. You will have systems to collect and handle that regardless.
But de minimis elimination suddenly means collecting tariffs on something you previously never did. That's new.
I actually support eliminating de minimis. The rest of the tariffs nonsense we've been going through for 8 months is objetcively insane.
Another aspect to this is international agreements that make domestic delivery free for an international sender who just needs get parcels to a port. Such an agreement was made when deliveries were so one-sided.
So we had a situation where shipping between China and the US was cheap (by sea) and there were no charges for domestic delivery and no tariffs.
If it turns out the dip is caused by a lag between the implementation of new tariff rules and the implementation of processes to handle them, and that in a short time traffic to the U.S. goes back to essentially its prior levels, what will that mean to the commenters in this thread? All of the hyper-rational, fact-based people in this thread, I mean. Because that seems like the most likely outcome to me.
Lot's of small businesses dependent on imports are already shutting down. I know dropshippers are unpopular, but the policy flip-flops are affecting more than that. A lot of low-volume, custom-designed niche products[1] have disappeared, and won't come back when the tariff payment mechanisms are implemented
1. e.g. PCBs for vintage computers, and some potential kickstarter projects are now non-viable.
I ordered misc gadgets from aliexpress/alibaba to tinker with at least once every 2 months. I'm not buying anything else and moving from hardware experiments to software for now until the dust settles.
My friends from other countries aren't coming anymore, fearing they'll be wrongfully detained. It's a sad situation. I never thought anything could be worse than the COVID era, and the worst part is that some people actually cheer for this. This isn't speculation it's really happening and it's pretty disheartening.
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[ 3.1 ms ] story [ 44.8 ms ] threadNow, UPS and FedeX and other such companies, I think they could be in for a world of hurt if this is really true and continues for a while.
I hope the recession ends up being smaller in length and magnitude than the 2008-2009 recession because that one wrecked an entire generation in terms of wealth and psychology.
> 88 operators worldwide fully or partially suspending services, the Universal Postal Union.. said operators didn't have enough time to prepare for the changes, or to put in place mechanisms to collect the duties and establish a link with the relevant US authorities.. The agency is working on "the rapid development of a new technical solution that will help get mail moving to the United States again," UPU Director General Masahiko Metoki said
This administration continues to find new ways to make this country shittier for the common man. Lower courts recently found his tariffs to be illegal but given the corrupt state of the SCOTUS. It’s only a matter of time until it’s overturned.
It’s sad that the best we can do is _delay_ the damage this demented fool is doing to this country.
Doesn’t matter if you are "right" or "left". Arkansas farmers getting steam rolled by this awful tariff policy from orange man administration [1] to the point where they are asking for bailouts.
The only people benefiting from those tariffs are billionaires hoping to put the common man into more debt or continue to buy up depreciating assets due to squeezing from all angles.
[1] https://finance.yahoo.com/news/arkansas-farmers-pleading-us-...
The costs need to be apportioned accurately and the Chinese firms were getting a great deal on the backs of the regular postal users in the US.
But de minimis elimination suddenly means collecting tariffs on something you previously never did. That's new.
I actually support eliminating de minimis. The rest of the tariffs nonsense we've been going through for 8 months is objetcively insane.
Another aspect to this is international agreements that make domestic delivery free for an international sender who just needs get parcels to a port. Such an agreement was made when deliveries were so one-sided.
So we had a situation where shipping between China and the US was cheap (by sea) and there were no charges for domestic delivery and no tariffs.
1. e.g. PCBs for vintage computers, and some potential kickstarter projects are now non-viable.