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Forbes Medias Steve joins the Great Money Show panel to talk about international consequences of increased trading voltage between Forbes, US and China.
United Parcel Service (UPS) On Tuesday, this is the largest customer, Amazon, Amazon and more economic uncertainty, about 20,000 jobs to reduce the cost of logistics to reduce the volume of logistics and said the shutters should be reduced.
The movement, which organizes an interruption of about 4% of the company’s workforce, increases the first major American company to move forward with a large-scale floor Trade Due to the tariffs of Trump management.
The slowdown in global trade is probably the transport services between companies, potentially shutdown companies.
“The world has not faced so much potential for trade for more than 100 years,” CEO Carol Tome called during the company’s profit.
The White House is’ much closing ‘for trade deals with Trump with Asian partners’
UPS reduces about 20,000 or 4% of workforce among the economic uncertainty and its changing business with its Amazon. (Justin Sullivan / Getty Images / Getty Images)
After announcing that it was announced in January, it agreed with him The largest customer, AmazonIn the second half of 2026 to reduce the volume by 50%. Amazon, in 2024, amounted to 11.8% of UPS’s total revenues.
“The actions we saw to reduce our network and reduce the value in our work could not have a schedule,” Tome said.
| Ticker | Safety | Last | Change | Change% |
|---|---|---|---|---|
| Landing | United Parcel Service Inc. | 96.71 | -0.34 |
-0.35% |
| Amzn | Amazon.com Inc. | 187.39 | -0.31 |
-0.17% |
Last year UPS said that Cut the workforce The cost of $ 400 million and $ 600 million, with the separation benefits and leased cuts and leases in 2025.
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The two companies reduce the number of supply managed by Amazon. (Through Xavi Lopez / Sopa Images / LightBocket Getty Images / Getty Images)
UPS also faces with a sharp decline in volume Chinese-related Deal e-commerce vendors Moved to collect tariffs on goods that are $ 800 worth $ 800 for individual sales of US.
To help update customers Tariffs and Trade Policy Changes have opened a website that follows various developments in UPS negotiations, but also introduced the opportunity to explore the options to communicate with professionals and manage tariff costs.
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UPS also offers a new UPS Global Checkout service showing the value of customs duties and fees during the inspection.
Reuters contributed to this report.
