Donald Trump Considers Privatizing the US Postal Service, But Experts Fear Serious Job Losses

According to reports, Donald Trump has recently reexamined the prospect of privatizing the USPS because of the agency’s large financial loss.

Details about the privatization plans are yet unknown, but the Washington Post claims that the issue was discussed during a meeting at Trump’s Mar-a-Lago home. However, according to those familiar with the matter, the notion has been receiving a lot of attention since January 20th, when Trump’s second term is scheduled to begin.

Trump’s disputes with the postal service over its operational choices during his first term as president are the source of his criticism of the organization. Trump pushed for the agency to transfer the important duties to the federal treasury department in an effort to seize control at the time. Naturally, this became contentious, particularly when Trump discussed the agency’s capacity to process mail-in ballots during the 2020 presidential election. His government later prevented the agency from receiving emergency financing, which led to significant anxiety about voting being postponed. Nevertheless, the USPS managed to send about 98 percent of the votes to election officials in less than three days.

Since its founding in 1775, the USPS has maintained its position as one of the most well-liked federal agencies. However, the agency has faced financial difficulties in recent years. In actuality, USPS recorded a $95 billion deficit and nearly $80 billion in liabilities for its fiscal year, which ended on September 30. Despite infrastructure improvement efforts, the agency has been in a difficult position due to sluggish parcel shipments and a drop in mail volume.

Trump feels that the USPS shouldn’t be taxpayer-subsidized, even if he has refocused on privatization as a result of financial losses. USPS privatization, according to critics, would result in a large loss of jobs and disruptions to business supply chains and consumer shipments.