Donald Trump continues his attacks on retail giant Amazon

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Donald Trump continues his attacks on retail giant Amazon

By Lauren Howells

President Donald Trump has continued his criticisms of Amazon, via Twitter, tweeting that “only fools” are saying that the US Post Office is making money with Amazon.

Over the Easter weekend, the US President tweeted:

“it is reported that the U.S. Post Office will lose $1.50 on average for each package it delivers for Amazon. That amounts to Billions of Dollars.”

Trump did not cite where these figures came from.

Trump accused Washington Post of being used as a “lobbyist” for Amazon

Trump also mentioned what he called the “Fake Washington Post”, a newspaper owned by Amazon owner Jeff Bezos, which he accused of being a “lobbyist” for Amazon.

The US president also said that if the Post Office increased its parcel rates, “Amazon’s shipping costs would rise by $2.6 Billion”.  

“This Post office Scam must stop. Amazon must pay real costs (and taxes) now!” Trump continued. 

In the latest in a line of tweets attacking Amazon, Trump seemed to be responding to those who have said that the US Postal Service does indeed make a profit from its work with Amazon.

 

 

“Only fools, or worse, are saying that our money losing Post Office makes money with Amazon. THEY LOSE A FORTUNE, and this will be changed.” Trump tweeted yesterday.  

He also referred to what he described as “not a level playing field”, where the “fully tax-paying retailers” in the United States were “closing stores all over the country”.

Donald Trump continues his attacks on retail giant Amazon

Amazon’s stock fell on Monday

On Monday, the Chicago Tribune reported that Amazon’s stock had fallen again on Monday, following Trump’s latest tweets.  

According to axios.com, President Trump is reportedly “obsessed” with Amazon.

Last week, the US president tweeted that he had “stated” his concerns with Amazon “long before the Election”.  

He said that “unlike others” they paid “little or no taxes to state and local governments”. He accused the online retailer of using the US Postal System as their “Delivery Boy” which was “causing tremendous loss to the U.S.”. 

Trump also accused Amazon of putting “many thousands of retailers” out of business.  

BBC called it an “unprecedented” attack

The BBC reported that it was “unprecedented” for a sitting US president to “single out” and attack a single company like this. 

A BBC correspondent also said that “friends of Mr Trump” in commercial property had “been urging him to protect them from digital retail giants” following “shopping malls closing and rents falling”.

According to reuters.com, White House spokesperson Lindsay Walters said that although the president “has expressed his concerns with Amazon”, there were “no actions at this time”.

By | 2018-05-30T10:09:15+00:00 April 3rd, 2018|Business, Politics|0 Comments

About the Author:

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After completing her law degree, Lauren decided to follow her passion for writing. She regularly contributes articles to CLNews on personal finance and general consumer topics.

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