FedEx sues U.S. government over requirement to screen packages from China.
FedEx has sued the Department of Commerce to block it from enforcing regulations requiring it to screen and block packages coming into the U.S. that may pose a threat to national security — placing the shipping company directly in the crosshairs of the Trump administration’s battle with Chinese tech company Huawei.
Shares of FedEx and rival delivery company United Parcel Service both fell by about 2 percent in morning trading Tuesday. The Commerce Department on June 21 added five Chinese organizations involved in super-computing with military-grade technology to a so-called entity list. U.S. companies are prohibited from selling technology to anyone on the list without government approval. Huawei was added to the list in May amid rising trade tensions between the two nations.
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