Donald Trump continues his attacks on retail giant Amazon

President Trump Attacked Amazon Again. But He Got This Basic Fact Wrong

President Trump Attacked Amazon Again. But He Got This Basic Fact Wrong

Citing an unnamed report, Trump told reporters at the White House the company is not paying the USPS a fair rate, costing USA taxpayers billions of dollars and forcing other retailers out of business, and he threatened to raise rates. In fact, Amazon pays the same lower rate that the post office charges other bulk shippers, and it collects sales tax in every state that charges it. A minute later, President Trump tweeted his latest attack on Amazon, arguing that it should pay "many billions of dollars" more to the US Postal Service. But are investors going to continue to listen?

In an extensive piece published yesterday, Vanity Fair's Gabriel Sherman alleged that Donald Trump is contemplating a full-blown campaign against Jeff Bezos and his company.

According to Fortune, Jeff Bezos, the world's richest man, lost over 10 billion in net worth after the President tweeted about his company.

While it's impossible to pinpoint the exact reason any individual stock or the broader stock market rises and falls, recent social media messages directed at Amazon by the "Tweeter in Chief" seem to be a factor.

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

Corporations may have their own reasons to applaud the Trump Administration's tax bill, but there has been a lot of criticism.

Malala in tears as she returns to hometown where she was shot
The 20-year-old expressed her faith in the Pakistani youth's ability and passion to bring a change. She won the Nobel Peace Prize in 2014 at the age of 17 for her dedication to the cause.

Trump did not cite where these figures came from.

White House officials said the same thing last week after Trump attacked Amazon in a tweet.

Representatives of Amazon and USPS had no comment on Trump's tweet on Tuesday and could not be immediately reached regarding his latest comments to reporters.

Trump continues to maintain that Amazon is taking advantage of the US post office and is generally unfair to brick and mortar small businesses in local communities.

The business community, however, criticized Trump. "The record is clear: deviating from those processes undermines economic growth and job creation".

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