FedEx expects tariffs to cut $1 billion out of its bottom line this fiscal year, with reduced China-to-U.S. demand already digging into first quarter profits. The package delivery giant said it incurred $150 million in tariff headwinds in the quarter, with the company attributing reduced revenue to the end of the de minimis provision for Chinese imports. More from Sourcing Journal “Given a significant portion of our de minimis volume exposure previously came from China, we were able to use learnings fr ...