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Fedex may be named to ‘unreliable entities list’ by China over Huawei delivery error

Yahoo Finance 06/23/2019

In the second of two recent incidents, Fedex failed to deliver a package to the U.S. from Huawei, the Chinese consumer electronics giant that has been blacklisted by the Trump administration from doing deals with U.S. companies. Fedex says an operational error was to blame for the returned package, but the carrier was called out in China’s Global Times newspaper as being at risk for placement on the country’s “unreliable entities list,” a designation reserved for firms the government believes are breaking the spirit of contracts and which “seriously harm the legitimate rights and interests” of Chinese companies.

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