- The head of a U.N. agency overseeing the mail system says it’s fast-tracking a rate review after President Trump threatened to withdraw from the Universal Postal Union. The changes could come as early as April.
- Trump claims the Union hasn’t eliminated international discounts that make it cheaper to ship small packages from China to the U.S. than from between some domestic locations.
- The discounts are meant to help less-developed countries but have continued to apply to China and benefits Russia and Mexico.
- If the U.S. withdraws, it will lose access to global processing and coding systems that make international mail possible. The country would have to negotiate postal agreements with every other country.
- Related tickers that could move with the news: Stamps.com (STMP -1.7%), Amazon (AMZN -1.3%), (UPS -0.3%), and FedEx (FDX +0.2%).
- Previously: Stamps.com -7.7% on potential US exit from postal union (Oct. 17)
- Previously: Trump moves to pull U.S. out of Universal Postal Union: FT (Oct. 17)
- Now read: FedEx: Outlook Remains Favourable
Original article