- FedEx is suing the Department of Commerce on its trade laws, the package giant announced on Monday.
- FedEx has some $1.3 billion at risk in trade with China.
- UPS said it will not join in the lawsuit.
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Parcel delivery company United Parcel Service Inc said on Tuesday it would not join rival FedEx Corp’s lawsuit against the U.S. government.
UPS said it would continue to follow government directives across the markets where it operates.
The announcement comes a day after FedEx sued the government, saying the company should not be held liable if it inadvertently shipped products that violated President Donald Trump’s ban on exports to some Chinese companies.
- China might blacklist FedEx for not delivering Huawei phones. To save as much as $1.3 billion in Chinese deals, the package giant is now suing the Trump administration.
- The global auto industry isn’t being disrupted
- Amazon Air is quietly expanding toward Asia’s doorstep in its latest warning shot to FedEx and UPS
Source: Business Insider –