BREAKING: China Launches Investigation Into FedEx

The country of China has launched an official investigation into FedEx, according to Bloomberg.

The country of China has launched an official investigation into FedEx, according to Bloomberg.

The investigation is into what China is calling the “wrongful delivery of packages.”

According to The Hill, “the move was interpreted as a warning after the White House imposed a ban on business with Chinese tech giant Huawei, according to the report.”

The move also comes amid a stretch where the Trump administration raised tariffs from 10 percent to 25 percent on “$200 billion of Chinese imports last month. Beijing responded by targeting $60 billion worth of U.S. agricultural exports and halting purchases of American soybeans.”

Earlier in the week, China “said it would reexamine its relationship with FedEx after reports that parcels containing Huawei packages were returned by FedEx to senders. Two packages being shipped to the company in China from Japan were also reportedly diverted to the U.S. without authorization,” The Hill reports.

The investigation is into what China is calling the “wrongful delivery of packages.”

According to The Hill, “the move was interpreted as a warning after the White House imposed a ban on business with Chinese tech giant Huawei, according to the report.”

The move also comes amid a stretch where the Trump administration raised tariffs from 10 percent to 25 percent on “$200 billion of Chinese imports last month. Beijing responded by targeting $60 billion worth of U.S. agricultural exports and halting purchases of American soybeans.”

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