News / FedEx founder Smith slams US 'protectionism' and 'opaque' export rules

Fred Smith, founder of FedEx, has lambasted the US government’s position on trade, and has filed a lawsuit accusing it of placing “an unreasonable burden” on the carrier. 

In an earnings call last night, Mr Smith decried the US protectionist strategy. 

“Now we have a huge dispute where the United States has basically become protectionist – defined as ‘I will make everything I need in my own borders. I don’t need to import things, and quite frankly don’t particularly need to export them’ – despite the fact that 95% of the world’s population ...