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Trump's De Minimis Policy To Cost FedEx $1 Billion Despite Q1 Beat - FedEx (NYSE:FDX)
Benzinga· 2025-09-19 06:48
FedEx Corp. FDX reported a better-than-expected first quarter for fiscal year 2026, driven by robust U.S. domestic growth and significant cost-cutting. However, the package delivery giant issued a cautious outlook, revealing an anticipated $1 billion headwind for the full year, largely attributed to the U.S. elimination of the de minimis trade exemption, a policy initiated by the Donald Trump administration.Check out FDX’s stock price here. FedEx To Take $1 Billion Hit From De Minimis ExemptionDespite beati ...