A package of the FedEx courier delivery services company is pictured in this June 8, 2017 illustration photo. REUTERS/Carlos Jasso/Illustration
Global delivery company FedEx Corp said on Friday that U.S. tariffs on Chinese goods will raise prices for American businesses and consumers and are “counterproductive to U.S. economic interests,” according to a report by Reuters.
“FedEx supports lowering trade barriers for our customers,” the company said in a statement.
US companies including Boeing and FedEx have criticised President Trump’s decision to impose tariffs on Chinese imports.
FedEx said the move would raise prices for American businesses and consumers and are “counterproductive to US economic interests”, adding: “FedEx supports lowering trade barriers for our customers.”
Meanwhile, Boeing said it would “engage with leaders in both countries to urge a productive dialogue to resolve trade differences, highlighting the mutual economic benefits of a strong and prosperous aerospace industry”.