President Trump’s distrust of Amazon is reportedly growing
A new tweet posted by President Donald Trump reiterates his growing concern with the power that Amazon has in retail.
On Thursday morning, President Trump posted via Twitter, “If Amazon ever had to pay fair taxes, its stock would crash and it would crumble like a paper bag.”
The tweet is in retaliation to an anonymous source that described the President as “obsessed” with the online giant, according to news website Axios.
In the report, the source explained that President Trump has discussed changing Amazon’s tax treatment because he’s worried about mom-and-pop retailers being put out of business. Further, his antipathy to-ward Amazon surfaces when discussing tax policy and antitrust cases.
Amazon collects sales tax on products it sells directly to consumers. However, the online giant has faced challenges from states over its policy of allowing third-party vendors to charge varying levels of sales tax.
It is no secret that President Trump believes Amazon has also had a negative impact on the U.S. Postal Service.
Taking the issue one step further, the President blames Amazon’s lower delivery charges for taking a toll on the U.S. Postal Office’s operating losses. He also wants the agency to raise prices of ship-ments in order to recoup costs.
According to a tweet by the President in December, “Why is the United States Post Office, which is losing many billions of dollars a year, while charging Amazon and others so little to deliver their packages, making Amazon richer and the Post Office dumber and poorer? Should be charging MUCH MORE!”
Some speculate that the president is using his comments to call out Amazon’s CEO Jeff Bezos, whose newspaper, The Washington Post, has published stories critical of President Trump.
On Thursday morning, President Trump posted via Twitter, “If Amazon ever had to pay fair taxes, its stock would crash and it would crumble like a paper bag.”
The tweet is in retaliation to an anonymous source that described the President as “obsessed” with the online giant, according to news website Axios.
In the report, the source explained that President Trump has discussed changing Amazon’s tax treatment because he’s worried about mom-and-pop retailers being put out of business. Further, his antipathy to-ward Amazon surfaces when discussing tax policy and antitrust cases.
Amazon collects sales tax on products it sells directly to consumers. However, the online giant has faced challenges from states over its policy of allowing third-party vendors to charge varying levels of sales tax.
It is no secret that President Trump believes Amazon has also had a negative impact on the U.S. Postal Service.
Taking the issue one step further, the President blames Amazon’s lower delivery charges for taking a toll on the U.S. Postal Office’s operating losses. He also wants the agency to raise prices of ship-ments in order to recoup costs.
According to a tweet by the President in December, “Why is the United States Post Office, which is losing many billions of dollars a year, while charging Amazon and others so little to deliver their packages, making Amazon richer and the Post Office dumber and poorer? Should be charging MUCH MORE!”
Some speculate that the president is using his comments to call out Amazon’s CEO Jeff Bezos, whose newspaper, The Washington Post, has published stories critical of President Trump.