O’Leary Ventures chairman Kevin O’Leary explains how the US can repair commerce and financial points with China ‘once and for all’ on ‘The Evening Edit.’
Hongkong Submit, Hong Kong’s authorities division for postal companies, introduced Wednesday they are going to “not collect any so-called tariffs on behalf of the US and will suspend the acceptance of postal items containing goods destined to the US.”
In a press release, Hongkong Submit mentioned it will be suspending mail service by sea and air mail postal service for mail containing items to the U.S. beginning April 27, saying the reason being “bullying” U.S. tariffs.
“For sending items to the US, the public in Hong Kong should be prepared to pay exorbitant and unreasonable fees due to the US’s unreasonable and bullying acts. Other postal items containing documents only without goods will not be affected,” the assertion learn.
CHINA COULD BE ‘VIRTUALLY SCREWED’ IN TARIFF NEGOTIATIONS, KEVIN O’LEARY WARNS
Stacked parcels are seen up entrance as a Hongkong Submit worker stands at a service counter at a submit workplace in Hong Kong on April 16, 2025. (PETER PARKS/AFP through Getty Pictures / Getty Pictures)
The U.S. mentioned earlier that it will be eliminating the duty-free de minimis remedy for postal gadgets dispatched from Hong Kong to the US and improve the tariffs for postal gadgets containing items to the U.S. ranging from Could 2.
Hong Kong operates as a free port and doesn’t impose import duties, though it appears to be caught in the course of the Trump tariff insurance policies.
A discover of service suspension by Hongkong Submit for items sure for the US is seen at a submit workplace in Hong Kong on April 16, 2025. (PETER PARKS/AFP through Getty Pictures / Getty Pictures)
The U.S.’s latest actions will shut a loophole for gadgets price lower than $800. This can be a trigger for concern when coping with low cost marketplaces resembling Shein.
China’s prime official says he believes the tariff struggle is just not about cash however about attacking the well-being of the Chinese language folks.
SCOTT BESSENT SAYS CHINA’S TARIFF ESCALATION IS A ‘LOSER’ FOR THEM | FOX BUSINESS VIDEO
US President Donald Trump holds a chart as he delivers remarks on reciprocal tariffs throughout an occasion within the Rose Backyard entitled “Make America Wealthy Again” on the White Home in Washington, DC, on April 2, 2025. (BRENDAN SMIALOWSKI/AFP through Getty Pictures)
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“The US isn’t after our tariffs — it is after our very survival,” mentioned Xia Baolong, who heads the Hong Kong and Macao Affairs Workplace. “Anyone who tries to bring us back to poverty and weakness is our enemy.”
