FedEx chief Frederick Smith has gone on the offensive against President-elect Donald Trump’s trade proposals, warning of dire consequences if the nation pursues the protectionist policies Trump espoused during the campaign.
The Memphis-based company’s chairman, president and chief executive said following through on Trump’s threat to withdraw from Nafta, the North American Free Trade Agreement, would have “massive economic repercussions.” He cited research that a full-blown trade war against China and Mexico would throw the United States into recession and cost 5 million American jobs.
