![]() ![]() In 2012 alone, the USPS lost $29.4 million from shipping e-Packets from China ( pdf). The Government Accountability Office (GAO) has considered the USPS a high risk every year since 2009. ![]() The USPS has lost $65 billion since the 2007–2009 recession and is unable to pay retiree health benefits. market with knockoffs at surreal prices with shipping included, like $0.20 iPhone cables and $1.78 4GB memory sticks. Chinese merchants are aggressively taking advantage of the discount and are flooding the U.S. Under the current arrangement with China, USPS ships packages arriving from China at American ports for a quarter of the market rate. The beneficiary of the biggest discount shipping rates is America’s major economic competitor: China. (Kevork Djansezian/Getty Images)Īmazon isn’t alone in exploiting USPS loopholes. ![]() Postal service employee loads his van as he prepares to leave the loading dock to deliver mail from the Los Feliz Post Office in Los Angeles on Feb. “Unlike others, they pay little or no taxes to state & local governments, use our Postal System as their Delivery Boy (causing tremendous loss to the U.S.), and are putting many thousands of retailers out of business!” A U.S. “I have stated my concerns with Amazon long before the Election,” Trump tweeted on March 29. The impact of fixing the USPS pricing model would cost Amazon $2.6 billion annually. If the model was adjusted to market rates, Amazon’s delivery costs would go up by $1.46 per package. A 2017 report by Citigroup ( pdf) found that the USPS pricing model was unsustainable. Trump has long criticized Amazon because it takes advantage of USPS’s below-market package delivery rates. 10 this year, with recommendations for reform. The task force is ordered to prepare a report no later than Aug. The president’s executive order doesn’t mention Amazon but does direct the task force to examine parts of the USPS business operations that could directly impact the e-commerce giant’s bottom line. Postal Service (USPS) to action on April 12 and ordered the formation of a task force to examine the mail carrier’s operations and finances. President Donald Trump turned his criticism of and the U.S. ![]()
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