FedEx Warns of Tariff Pain as Trump's 90 Day Pause Nears End
FedEx Corp. forecast a worse-than-expected profit for the current quarter and said it would only share its outlook for the current quarter due to the uncertain environment for global demand.FedEx cites the impact of President Donald Trump's trade war and soft demand as reasons for the decline, with US-China shipments deteriorating sharply in May and expected to remain under pressure. Bloomberg Intelligence's Lee Klaskow reports. (Source: Bloomberg)
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