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FedEx warns $1B loss from tariffs disrupting global shipping amid U.S.-India trade tensions.
FedEx warns of a $1 billion financial hit from new tariffs disrupting global shipping, citing rising costs and supply chain challenges affecting international parcel volumes.
The impact reflects broader trade tensions influencing logistics firms worldwide.
Meanwhile, India’s Prime Minister Narendra Modi reaffirmed India’s push for self-reliance amid U.S. trade actions, including a proposed 50% H-1B visa fee hike and tariffs on Indian goods.
Modi emphasized domestic production of critical goods like chips and ships, criticizing past import dependence and highlighting progress in renewable energy and maritime infrastructure, including major port projects and reforms to boost India’s shipping share.
FedEx advierte pérdida de $ 1B de aranceles que interrumpen el envío global en medio de las tensiones comerciales entre Estados Unidos e India.