FedEx Corp. has fired a new weapon in the U.S.-China trade war, suing the Trump administration.
FedEx Corp. has fired a new weapon in the U.S.-China trade war, suing the Trump administration to block enforcement of trade restrictions that placed the company in Beijing’s crosshairs.
“The increasing use of restrictions on exports and imports by the Commerce Department in various geopolitical and trade disputes creates just an impossible burden on FedEx and common carriers,” FedEx Chief Executive Fred Smith said on Fox News. “Huawei is just emblematic of this problem.” Those packages, which contained documents being shipped to Huawei in China from Japan, were diverted to the United States without authorization. Smith said the decision was an error by a 30-year employee, who sent the packages for a compliance audit.
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