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UPS (UPS) is adding a tool called "Global Checkout," allowing online customers to automatically see the added cost of tariffs impacting international shipments.
Market Domination hosts Julie Hyman and Josh Lipton discuss the new tool.
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UPS is launching a new tool for online shoppers to automatically see the added cost of tariffs that are affecting international shippers. That new service will calculate and guarantee the cost of any levies on products in a shopper's online cart at checkout. It aims to address a longstanding issue of buyers being handed surprise charges when their international packages arrive. It's an issue that risks becoming more prevalent as President Trump's trade war escalates here. So, obviously, UPS and FedEx are really struggling with how to, you know, price through these tariffs, how do they make them seen. So, in this case, UPS has decided to just be transparent here. Um, they've decided this tool is going to be called Global Checkout, which calculates those costs of tariffs, and I guess has them as a line item, um, when people are buying.
Yeah. And we recently heard from FedEx, which of course reported disappointing, and UPS earnings on deck in a bit. I mean, what's interesting is tariffs are one issue, and then to the extent the tariffs impact global growth is yet another issue for names like this.
Exactly. Yes.
