Trump targets Amazon, tweets USPS should charge more

WHAT YOU NEED TO KNOW:

  • This year’s holiday season witnessed the country’s biggest holiday shopping in years.
  • President Donald Trump, however, is not delighted, accusing Amazon of taking advantage of the government’s troubled mail service.
  • Trump targeted Amazon and its founder, Jeff Bezos on Twitter Friday morning suggesting the U.S. Postal Service should charge more to deliver the online retailer’s packages.



President Trump’s latest tweets target online giant Amazon and other online retailers, saying the U.S. Postal Service ought to charge more to deliver their packages.

“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!” Trump said on Twitter.

The tweet appeared to be in response to a “Fox & Friends” segment Friday morning about tech trends. It tackled how Amazon makes shopping easier for online customers.

It’s not the first time the president tweeted something to slam Amazon. Trump has a persistent conflict with Amazon and Jeff Bezos, its founder.

The Washington Post, a frequent critic of the president, is also owned by Bezos.

This is what Trump wrote on Twitter on July 23:

“It’s hard to read the Failing New York Times or the Amazon Washington Post because every story/opinion, even if should be positive, is bad!”

The president occasionally accuses Amazon of using its financial losses at the Washington newspaper to lower its tax bill.

Amazon does not own The Washington Post.

Trump has claimed Amazon is not paying taxes. He accused the retailer in August of “doing great damage to tax-paying retailers. Towns, cities, and states throughout the U.S. are being hurt – many jobs being lost!”

Bezos’ net worth climb to more than $100 billion in November after Amazon’s shares soared this year.

Meanwhile, the U.S. postal service has been beleaguered with financial problems for years. It reported a net loss of $2.1 billion in the third quarter of 2017. USPS has lost money for 11 consecutive years. It’s posted $65.1 billion in losses in the last decade.

“Our financial situation is serious but solvable,” USPS CEO Megan Brennan said in September. “The continuation of aggressive management actions, and legislative and regulatory reform will return us to financial stability and enable the Postal Service to maintain the long-term affordability of mail, invest in America’s mailing and shipping industry, and best serve the American public.”

Source: FoxNews

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