🔴 LIVE: The Secrets of ProPicks AI Success Revealed + November’s List FREEWatch Now

U.S. calls foreign mail system unfair in surprise win for Amazon

Published 08/24/2018, 04:02 PM
© Reuters. FILE PHOTO: A worker carries an Amazon box to be delivered in New York
AMZN
-
UPS
-

By Jeffrey Dastin

(Reuters) - The U.S. State Department on Friday said it would push for foreign postal carriers to pay the U.S. Postal Service more to deliver small parcels within the United States, taking up a longtime complaint by Amazon.com (O:AMZN), UPS (N:UPS) and others who have alleged the current system is unfair.

The State Department also said it would push foreign postal services to furnish data that would help customs officials detect opioids and other illegal shipments entering the United States. That task could also add to their costs.

If successful, the effort would benefit U.S. merchants and shippers who say they are undercut by foreign postal services' access to low rates. U.S. shoppers could see higher bills for foreign goods ordered online.

The move may face pushback during meetings next month of the United Nation's Universal Postal Union, from countries like China and Brazil, which already face price hikes for mail to Europe and the United States.

On Thursday, U.S. President Donald Trump issued a memorandum on "terminal dues," or rates one country's postal service pays another for finishing an international delivery.

"The current system of terminal dues distorts the flow of small packages around the world by incentivizing the shipping of goods from foreign countries that benefit from artificially low reimbursement rates," the memo said.

It added that the U.S. Secretary of State "shall include recommendations for future action, including the possibility of adopting self-declared rates," if insufficient progress is made with the Universal Postal Union.

The policy makes Trump a surprise ally of Amazon, the world's largest online retailer, which he has accused of turning the U.S. Postal Service (USPS) into its "delivery boy."

Amazon did not return a request for comment. UPS called the administration's actions "a positive step" toward addressing "longstanding imbalances in the global postal market."

Those companies and industry groups have sought White House meetings since last year to attack arcane postal agreements they say make it cheaper to air-mail goods to Los Angeles from Beijing than from New York.

Others say the issue is not so simple. USPS claims to save money on outbound shipments thanks to the Universal Postal Union's exchange system, and rates for countries such as China have already been negotiated to rise by 2021 to a significant percentage of USPS's costs, the same rate USPS pays other countries.

Mighty Mug CEO Jayme Smaldone, who has found merchants in China cheaply shipping knock-offs of his products directly to U.S. consumers, said, "This isn’t something that should be phased out over years. This is something that's gone on for long enough."

© Reuters. FILE PHOTO: A worker carries an Amazon box to be delivered in New York

It was not clear if the memorandum followed recommendations, not yet made public, of the postal task force Trump set up this year to examine USPS's business.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.