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The board is currently weighing a merger between Norfolk Southern and Union Pacific that would create a massive single railroad company controlling shipments across the continental U.S.

The Universal Postal Union said it sent a letter to Secretary of State Marco Rubio on Aug. 26 to express concerns the agency’s member countries have about the end of the “de minimis exemption."

The announcement follows similar moves by postal services from the European Union and several other countries as the de minimis exemption ends Aug. 29.

Trade envoy Ryosei Akazawa was scheduled to leave Tokyo for Washington on Aug. 28 but Chief Cabinet Secretary Yoshimasa Hayashi told reporters some details required further consultations.

The first-quarter GDP drop, the first retreat of the U.S. economy in three years, was caused by a surge in imports as businesses scrambled to bring in foreign goods ahead of Trump’s tariffs.

Announced buybacks surpassed $1 trillion on Aug. 20, marking the shortest amount of time needed to reach that level, according to data compiled by Birinyi Associates.

The tariff hikes, expected for imports including cars, textiles and plastics, aim to shelter domestic manufacturers from Chinese competition, according to people briefed on the matter.

The U.S. Department of Transportation acts to withhold $50.5 million in federal grants from California, Washington and New Mexico.

Q3 data from Statistics Canada’s Canadian Survey on Business Conditions said 42% of businesses didn’t pass along tariff-related cost increases to their customers in the past six months. 

The Port of Los Angeles reported its busiest month on record with container volume increasing 8.5% to 1,019,837 20-foot-equivalent units from 939,600 last year.