Jim Cramer chats with FedEx CEO Fred Smith about the company's reduction in growth expectations as U.S.-China trade and Brexit linger.
FedEx CEO Fred Smith told CNBC on Tuesday it will be a tough year for the company if U.S.-China trade and Brexit issues are not solved.
Although companies and customers have made moves to migrate operations out of China to other nations in the region, such as Vietnam, Thailand, Indonesia and Malaysia, Smith said, he highlighted China's"incredible infrastructure" and called it the"manufacturing bastion of the world." Smith reiterated in the interview Tuesday that he does not agree with Trump's use of tariffs to address trade relations between the world's largest economies. FedEx handles 14.5 million shipments a day and there is a lot of pressure on China's economy, he said.
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