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Home / Business / Trump targets Amazon and his taxes in Twitter attack

Trump targets Amazon and his taxes in Twitter attack



President Trump went on strike again on Thursday morning at Amazon.com, the online retail giants, and said he had long been concerned about the company's business practices.

Trump has criticized Amazon regularly before and after his appointment as President. Jeffrey P. Bezos, the founder and CEO of Amazon, also owns the Washington Post.

Trump's latest criticism comes after Amazon's stock suffered a shock after Axios released a report that Trump was "obsessed" with the retail giant, according to a person interviewed by the company. The stock fell more than 4 percent on Wednesday and continued on Thursday. In the morning trade, they fell by more than 3.8 percent. The stock price rebounded after a White House spokeswoman said Trump "expressed his concerns about Amazon but is not taking any action." By the close of trading, the share price rose by 1.1 percent.

Some of Trump's claims about Amazon are not based on complete information. Amazon, for example, levies taxes on products that it sells to customers in the 45 states with sales tax. However, items sold by third parties may have different agreements. The company has also said that it supports legislation that requires other online retailers to pay state and local sales taxes.

Amazon and US Postal Service refused to comment on Trump's Tweet on Thursday.

Trump's use of social media to appeal to individuals People and businesses was unprecedented for a president. His other Twitter destinations include Apple Boeing and General Motors as well as media such as the Washington Post, the New York Times, and CNN [19659008] The President has long disapproved voted by Amazon.

Trump, according to his interlocutors, has often complained to Amazon and Jeff Bezos with his friends. For example, at a dinner last month in Mar-a-Lago with Fox News's personality Geraldo Rivera and the president's two grown sons, Donald Jr. and Eric, Trump raised Amazon and said they should pay more taxes, according to one person familiar with the dinner.

In December, Trump attacked the company's deal with the US Postal Service and called on the agency to increase the shipping rates it charges Amazon.

"Why is the United States Post Office losing billions of dollars a year, while Amazon and others demand so little money to deliver their parcels, making Amazon richer and the post dumber and poorer?" He tweeted. "Should do a lot more!"

His tweets about the USPS reflect a debate over whether the postal service costs Amazon and other retailers enough to deliver packages. The parcel delivery has become an increasingly important part of the postal service, since the post of the first class has been declining for a long time.

Amazon's partnership with the US Postal Service is reviewed annually by the Postal Inspectorate, a regulator, also sets the rates that Amazon pays for shipping. Last year, Swiss Post reported a loss of $ 2.7 billion and revenue of $ 69.6 billion.

Trump earlier tweeted in his presidency, "Amazon is badly hurting tax-paying retailers, cities, cities, and states in the US are injured – many jobs are lost!"

Before he became president, Trump criticized Amazon " monopolistic tendencies "and said the company could face" a huge cartel problem "because" Amazon controls so much. "The retailer, which had $ 177.9 billion in sales last year, has more than half a million employees worldwide. The company acquired Whole Foods Market last year for $ 13.7 billion in an agreement approved by the Federal Trade Commission.

Trump has also suggested that The Post "is a lobbying weapon against Congress to prevent politicians from investigating Amazon monopoly without taxes."

The editors of the Post and Bezos have stated that Bezos does not engage in any journalistic Decisions is involved. The post belongs to Bezos in person, not Amazon

Josh Dawsey contributed to this report.

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