Trump Trade: USPS resumes shipments of China parcels

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly:

CHINA PARCELS: The U.S. Postal Service said it would resume accepting parcels from China and Hong Kong, after temporarily suspending the service and sparking concerns about delivery disruptions, The Wall Street Journal’s Esther Fung and Hannah Miao report. The Postal Service said Wednesday it was working closely with Customs and Border Protection to create “an efficient collection mechanism for the new China tariffs to ensure the least disruption to package delivery.” The notice came a day after the Postal Service said it was suspending inbound parcels from China Post and Hong Kong Post, adding to worries about disruptions to global trade after fresh tariffs from President Trump, the authors note.

The Trump administration this week imposed new tariffs on China and moved to close a loophole that allows companies to avoid paying tariffs if they ship packages valued at less than $800 directly to U.S. consumers. The move wouldn’t affect shipments by UPS (UPS), FedEx (FDX) or DHL (DHLGY), which operate their own flights from China for big companies such as Apple that ship goods into the U.S., the publication adds.

FORCED LABOR LIST: The U.S. is discussing whether to add Chinese ecommerce retailers Shein and PDD‘s (PDD) Temu to the Department of Homeland Security’s “forced labor” list, Semafor’s Shelby Talcott reports. The Trump administration has not made a final decision on the matter and could ultimately decide not to list either, two sources familiar with the discussions say. Both companies have denied the use of forced labor, with a Temu spokesperson saying “Temu strictly prohibits the use of forced labor and enforces our Third-Party Code of Conduct, which bars all forms of involuntary labor. Sellers and business partners must ensure their own – and their suppliers’ – full compliance with this code and relevant laws. Temu reserves the right to terminate any business relationship if a seller or partner fails to meet these standards.”

EXPANSION CRITIC: The Trump administration plans to nominate Arielle Roth, a critic of former President Joe Biden’s $42.5B broadband infrastructure plan, to lead the National Telecommunications and Information Administration, the arm of the Commerce Department that oversees the broadband infrastructure project as well as the federal government’s use and allocation of communications airwaves, Bloomberg’s Kelcee Griffis reports. The broadband initiative was created with the goal of extending high-speed internet service to the 25 million U.S. residents who still don’t have it, and its slow progress has come under fire from Republicans, including new FCC Chairman Brendan Carr, as well as Elon Musk, who has publicly criticized the program for disadvantaging his Starlink service. Publicly traded companies in the broadband space include Verizon (VZ), AT&T (T), T-Mobile (TMUS), CenturyLink (CTL), and ViaSat (VSAT).