UPS falls as 'de minimis' tariff slows demand
ReutersJul 29, 2025 10:19 AM
Shares of delivery company UPS UPS.N fall nearly 5% to ~$96 in premarket trading
Co reports decline in second-quarter profit and revenue
Demand takes a hit from new "de minimis" tariffs on low-value Chinese shipments
Levy of 54% on shipments under $800 from China that were previously duty-free
Co did not update 2025 outlook citing ongoing macroeconomic uncertainty
As of last close, shares were down 19.4% YTD
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