FedEx profit to be dragged down by US tariffs on previously exempt parcels
Yahoo Finance·2025-09-17 18:06
By Lisa Baertlein and Abhinav Parmar LOS ANGELES (Reuters) -FedEx will report a quarterly profit hit from President Donald Trump's decision to end tariff-exempt treatment for popular direct-to-consumer shipments when the global delivery firm reports results on Thursday, analysts said. FedEx's fiscal first quarter, which ended on August 31, captures the impact from the May 2 end of "de minimis" exemptions for packages from China and Hong Kong. They accounted for roughly three-quarters of the roughly 1.4 b ...