Trump tariffs concern FedEx founder Fred Smith

By , Daily Memphian Updated: June 05, 2025 3:14 PM CT | Published: June 05, 2025 3:10 PM CT

Smith estimated FedEx is “the biggest tax collector of tariffs by any entity in America” based on what it is transporting.

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Fred Smith FedEx tariffs
Sophia Surrett

Sophia Surrett

Sophia Surrett is a University of Alabama graduate, where she received her B.A. in news media and M.A. in journalism and media studies. She has been with The Daily Memphian since July 2023, first starting as a business reporter covering various beats. Now, she covers food, restaurants, and hospitality and tourism.


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