FedEx has seen massive declines in shipping across the Pacific Ocean amid fallout from President Donald Trump's trade war, according to a report. The company projects its revenue will be flat or increase up to 2% in its fiscal first quarter, the Wall Street Journal reported Tuesday, but it didn't share projections for the full year, something it had previously done. Additionally, Chief Financial Officer John Dietrich said FedEx expects to see an additional $170 million cost in adjusted operating income this quarter due to Trump's tariffs. Trump's tariffs have been felt by industries including farming, clothing, hotels and more.