The $150 million tariff impact during the quarter was $20 million less than Chief Financial Officer John Dietrich suggested at an investor conference in August. Carere attributed most of the $1 billion fiscal-year headwind to the continued reduction in revenue out of China. She added that the ban on global de minimis will dent the bottom line by $100 million with another $300 million in incremental expense for additional customs clearance expenses.FedEx’s fiscal first quarter, which ended Aug. 31, was impac ...