The ??? ??US Postal Service (USPS)?announced?today on its official website that it will resume accepting all international mail and packages from China. The announcement states, “Effective February 5, 2025, the Postal Service will continue accepting all international inbound mail and packages from China and Hong Kong Posts. The USPS and Customs and Border Protection are working closely together to implement an efficient collection mechanism for the new China tariffs to ensure the least disruption to package delivery.” One day before on Feb. 4, USPS had temporarily suspended accepting all inbound packages from China Post. The change, effective immediately, did not affect mail or flats sent from China and Hong Kong. The adjustment primarily impacted cross-border e-commerce companies such as Shein and Temu, and following the suspension, stocks of e-commerce giants such as Amazon and PDD (Temu’s parent company) saw declines. Amazon’s stock dropped by 2%. In its 2023 annual report, Amazon stated that a significant portion of its third-party seller services and advertising revenue comes from sellers based in China. Pinduoduo’s stock fell by 3.7%. [Reuters, Barron’s]
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