FedEx sued the U.S. Department of Commerce to block it from enforcing regulations requiring it to screen and block packages coming into the U.S. that may pose a threat to national security — placing the shipping company directly in the crosshairs of the Trump administration’s battle with Chinese tech company Huawei.
FedEx claims the Export Administration Regulations “violate common carriers’ rights to due process under the fifth amendment,” according to a statement released Monday. FedEx says the rules place an “impossible burden” on the carrier.
Shares of FedEx and rival delivery company United Parcel Service both fell by about 2% in morning trading Tuesday.
