PDD's Nasdaq-listed shares dropped Wednesday, and had been even lower in premarket trading. A day after saying it would stop accepting parcels from China and Hong Kong, the U.S. Postal Service on Wednesday reversed its decision.

Potentially massive delivery disruptions were expected when the suspension was announced but mail service is now back to normal.

The reversal reflects the challenge that shipping and delivery companies will face as a result of President Trump’s executive order requiring greater inspection of packages.

The U.S. Postal Service announced it will resume accepting packages from China and Hong Kong, reversing course after saying it would not take in parcels following newly imposed tariffs on

The Postal Service said in a statement that the agency and the Customs and Border Protection are “working closely together to implement an efficient collection mechanism for the

The U.S. on Thursday imposed sanctions on a network of more than a dozen people and firms that are accused of facilitating the shipment of millions of barrels of Iranian oil to China

The US Treasury Department has imposed sanctions against the IRGC's international network for smuggling Iranian oil to China. This applies to companies in China, India, and the UAE, according to the US Treasury Department.

The U.S. Treasury said on Thursday it is imposing new sanctions on individuals and tankers helping to ship millions of barrels of Iranian crude oil per year to China. The move comes after U.S. President Donald Trump earlier this week vowed to bring Iran's oil exports to zero as the U.