UPS and FedEx Once Handled a Deluge of Packages From China. That’s Changing.
President Trump has ended a tariff loophole that generated lots of business for delivery companies shipping inexpensive goods from China to the U.S.
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UPS Says It Will Cut 20,000 Jobs in Efficiency Drive
The move comes as President Trump’s tariffs are reducing shipping volumes and is in addition to 12,000 job cuts last year.