Home » General World News » Trump is pulling the US out of an obscure 144-year-old treaty to take a shot at China in the trade war

Trump is pulling the US out of an obscure 144-year-old treaty to take a shot at China in the trade war





Donald Trump Xi Jinping

  • President Donald Trump announced that the US would withdraw from the Universal Postal Union, a 192-country treaty that helps to set international postage rates.
  • The decision appears to be a direct shot at China.
  • Chinese goods coming into the US are currently subject to lower postage rates, making it cheaper to ship items into America.
  • The Trump administration argued this gives an unfair advantage to China and incentivizes importing knock-off goods from the country.
  • The move is also the latest salvo in the US-China trade war.

President Donald Trump announced that the US would pull out of an obscure 144-year-old postal treaty, in what looks read more >>>

Source:: BusinessInsider.Com

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