Fred Smith doesn't mince words, calls U.S./China trade issues 'very worrisome'

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Fred Smith doesn't mince words, calls U.S./China trade issues 'very worrisome'

“Mercantilism does not work.” The above words from Fred Smith — founder, chairman and CEO of FedEx Corp. — during the company’s Monday earnings call once again proved, when it comes to his pro free-trade stance, Smith does not mince words.   While the Memphis-based shipping and delivery giant posted relatively strong numbers for fiscal 2019, reporting revenue of $17.1 billion for the quarter — that figure was $15.3 billion in Q1 2018 — the numbers quickly became secondary. For…...

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  • Keith Johnson
    Keith Johnson •

    Free and Fair Trade..., I can see why FedEx is concerned cause he is enjoying the revenue's of transporting good manufactured in China to the US, and other places..., so he would be concerned...! If manufacturing returns to the US he looses business, so he wants to protect his sweet deal...! I would think fair and balanced trade would help protect the American worker's...! I believe Mr Smith is a pretty smart businessman, so maybe he will figure out how to capture new opportunities..., put on your thinking cap Fred, don't get lazy..., think how to capture new possibilities...! And be pro American at the same time...! It's not a crime...!

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