FedEx, UPS Prefer Free Trade, but Will Adjust to Trump Tariff Policies - The Street
Perhaps trade wars aren't so easy to win.
U.S. shipping giants FedEx and United Parcel Service are advocating for lower trade barriers and free trade policies as U.S. President Donald Trump prepares to impose additional tariffs on Chinese imports.
Trump announced late Monday a new round of tariffs on about $200 billion of Chinese goods, as China's current trade practices "plainly constitute a grave threat to the long-term health and prosperity of the United States economy." The 10% tax, which is set to be levied on Sept. 24, is set to increase to 25% at year-end. The president also threatened tariffs on approximately $267 billion of additional imports should China respond with retaliatory tariffs. Ahead of the announcement, China said it would "take necessary countermeasures" should Trump impose any new tariffs.
Perhaps trade wars aren't so easy to win.
U.S. shipping giants FedEx and United Parcel Service are advocating for lower trade barriers and free trade policies as U.S. President Donald Trump prepares to impose additional tariffs on Chinese imports.
Trump announced late Monday a new round of tariffs on about $200 billion of Chinese goods, as China's current trade practices "plainly constitute a grave threat to the long-term health and prosperity of the United States economy." The 10% tax, which is set to be levied on Sept. 24, is set to increase to 25% at year-end. The president also threatened tariffs on approximately $267 billion of additional imports should China respond with retaliatory tariffs. Ahead of the announcement, China said it would "take necessary countermeasures" should Trump impose any new tariffs.
