UPDATE 9-FedEx sues U.S. government over 'impossible' task of policing exports to China [Reuters]
FedEx Corporation (FDX)
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Source: Reuters
FedEx sues U.S. government over 'impossible' task of policing exports to China - Reuters 4 Min Read (Reuters) - U.S. parcel delivery firm FedEx Corp on Monday sued the U.S. government, saying it should not be held liable if it inadvertently shipped products that violated a Trump administration ban on exports to some Chinese companies. The move came after FedEx reignited Chinese ire over its business practices when a package containing a Huawei phone sent to the United States was returned last week to its sender in Britain, in what FedEx said was an “operational error.” Fears that China would blacklist FedEx as a result sent its shares down 2.7 percent on Monday. FedEx’s suit and delivery error come against a backdrop of increasing tension between the world’s two biggest economies. The United States and China have been engaged in a trade fight for nearly a year on issues such as tariffs, subsidies, technology, regulations and cyber security. The U.S. Commerce Department has banned a nu
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