US loses ‘hundreds of millions of dollars’ to antiquated international postal union, White House says

The Trump administration is once again threatening to leave the international postal union, claiming its “antiquated rules” have resulted in the U.S. subsidizing packages from China at the expense of American workers and manufacturers.

The United Postal Union was established as an agency of the United Nations in 1874 with the goal of setting rules for international mail exchanges.

However, the White House says the agency’s current rate structure has resulted in the U.S. and the U.S. Postal Service losing money on international letters and packages – especially from countries like China.

Top White House trade adviser Peter Navarro told FOX Business’ Maria Bartiromo on Thursday that “Americans are just getting their clocks cleaned.”

“Under the antiquated rules of the Universal Postal Union, the USPS, the postal system, has to heavily subsidize the incoming mail of a number of countries to the tune of hundreds of millions of dollars a year, it puts our manufacturers and our workers out of business,” Navarro said.

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100% correct Trump pull out if this Crap asap China sends millions of packages this way I work at the Usps and process them every night making double pay (60$) hour Usps loosing big on this crap