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Benzinga

Business

Surbhi Jain

UPS Saw Its China Trade Plunge 20% — CEO Warns Tariff Fallout Isn't Over Yet

UPS Carol Tomé China United States

UPS

United Parcel Service Inc (NYSE:UPS) just delivered a warning that global trade turbulence is far from behind us. During the third-quarter earnings call, CEO Carol Tomé revealed that the courier giant's China-to-U.S. trade lane fell sharply as new tariff rules took effect. "We saw an over 20% decline in that trade lane in the third quarter and expect that will continue into the fourth quarter," Tomé said.

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