US announces intent to withdraw from international postal rate system
The Trump administration on Wednesday announced its intent to withdraw from a little-known United Nations agency that governs global postal rates, another move against international institutions the president has long accused of hurting the U.S.
The decision was borne out of frustration with discounts imposed by the Universal Postal Union (UPU) that allow China and some other nations to ship products into the U.S. at cheaper rates than American companies receive to ship domestically.
The administration argues the system undercuts U.S. manufacturers and allows China to flood the market with cheap goods.
"This is a strong action by this administration to fix this flawed system and make it better," said a senior administration official.
A senior administration official said the U.S. hopes to renegotiate the rates, known as terminal dues, but was frustrated with opposition from other nations in the UPU. The withdrawal would not take effect for one year, allowing the U.S. some time to broker a new deal.
MORE. https://thehill.com/homenews/adminis...al-rate-system
