E-commerce deliveries from China are the latest victim in the growing U.S.-China trade war as the U.S. Postal Service announced a suspension of delivery of all parcels from China and Hong Kong. The move is likely targeting popular Chinese e-commerce firms Shein and Temu.
Category
🗞
NewsTranscript
00:00American consumers expecting packages from China may have to wait, after the U.S. Postal
00:09Service announced a suspension on all parcels delivered from China and Hong Kong.
00:14The likely target?
00:16Chinese e-commerce giants like Shiyin and Timu, which have benefited from a duty-free
00:20shopping policy that has now been ended by Donald Trump.
00:24The White House is also reportedly considering adding the two companies to a list of firms
00:29engaged in forced labor.
00:31It's the latest move in an escalating trade war between China and the United States.
00:36The U.S. imposed a 10 percent tariff on all Chinese imports earlier this week, and pulled
00:42back from imposing tariffs on Canada and Mexico at the last minute.
00:46The White House says the tariffs come in response to China's economic practices and failure
00:51to curb illegal exports of the drug fentanyl.
00:54Beijing calls this an excuse.
00:59China has hit back, announcing tariffs of its own on U.S. machinery and energy imports.
01:16Beijing also plans to put export controls on minerals critical for electronics manufacturing,
01:22and is launching investigations into U.S. companies such as Google.
01:26Despite these economic measures, some experts say China has showed restraint.
01:32One of the things that we did not see, though, is a broadside against all U.S. products.
01:37China was very selective.
01:39We interpret this as China's leaving room for negotiation and also doesn't want to overreact
01:44to a 10 percent tariff by the U.S.
01:47And people in China say their government's actions are warranted.
01:56President Trump, meanwhile, seemed unconcerned about China's action, saying he's in no hurry
02:18to speak with Chinese President Xi Jinping.
02:20Mr. President, what's your reaction to China's recalitory tariffs?
02:24That's fine.
02:25It's fine.
02:26We're going to do very well against China and against everybody else.
02:30And you're not going to speak to President Xi?
02:32No, we'll speak to him at the appropriate time.
02:34I'm in no rush.
02:35I'm in no rush.
02:36Consumers in both countries may be wondering what it will take to reach a deal.
02:40China can come to some form of agreement.
02:43But what the U.S. wants to see is sustained action, meaning not just a one-off.
02:47What China doesn't want to do is it doesn't want to be seen giving into the U.S.
02:51So it will also need to receive some reciprocal actions on the U.S. part, whether it's lessening
02:56of export controls, maybe access to some Nvidia chips that are banned.
03:01In the absence of any agreement, consumers and investors in both countries are left to
03:05determine whether the growing trade war is a temporary blip or a new normal.
03:10Fu Huahong and Chris Gorin for Taiwan Plus.