On Breakingviews – FedEx is feeling the squeeze from the U.S.-China trade war, says AntonyMCurrie:
The tail of a FedEx plane is seen during the presentation of the future extension of the FedEx hub in Roissy-en-France, North of Paris, France, October 18, 2016. Picture taken October 18, 2016. REUTERS/Philippe Wojazer
On Monday the Memphis-based outfit founded and run by Frederick Smith revealed that it was suing the U.S. Commerce Department over onerous export rules. The government can hold carriers liable for shipments containing technology and other goods on a list of banned items. The Trump administration recently prohibited a number of Chinese firms from buying certain U.S. tech products. That places a large and possibly undue burden on FedEx –and rival UPS too, though it has declined to join the suit.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
FedEx, embroiled in U.S.-China trade war, sues Trump administrationFedEx says holding it responsible if its customers ship U.S. tech to Huawei is unreasonable. Meanwhile, China is preparing to blacklist it.
Consulte Mais informação »
China says FedEx should offer a proper explanation on HuaweiChina's foreign ministry said on Monday that FedEx Corp should offer a prop...
Consulte Mais informação »
FedEx sues U.S. government over requirement to screen packages from ChinaFedEx sues U.S. government over requirement to screen packages from China.
Consulte Mais informação »
FedEx gets caught in a trade-war viseThe $41 bln parcel carrier is suing the U.S. government over onerous rules for exports, not least to China. Meanwhile, its own errors may land it on a Beijing blacklist. FedEx can handle a profit hit, but getting embroiled in a tariff fight would put it further behind rival UPS.
Consulte Mais informação »
FedEx profit beats estimates, warns of pain in 2020 from trade warPackage delivery company FedEx Corp beat Wall Street estimates for quarterly pro...
Consulte Mais informação »
FedEx warns 2020 results to be hurt by trade war, shares fall 2%Package delivery company FedEx Corp beat Wall Street estimates for quarterly pro...
Consulte Mais informação »