Washington (Ap)  President Donald Trump Is Again Attacking Online Retailer Amazon
Online retail giant Amazon has once over again become the target of U.S. President Donald Trump'southward Twitter attacks.
The leader has been insisting that the U.s.a. Postal Service is losing "massive amounts" of coin in its dealings with Amazon. On Tuesday, Trump tweeted that the mail service office may not "have a inkling" about how much the visitor is pain it.
"Amazon should pay these costs (plus) and not have them bourne (sic) by the American Taxpayer. Many billions of dollars. P.O. leaders don't have a clue (or practise they?)!" he wrote.
READ MORE: Donald Trump continues attack on Amazon
The president has tweeted similar calls for Amazon to pay more taxes in the past. Final week, he called the visitor'southward bargain with the post office a "scam."
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Here's a look at Trump'due south complicated history with Amazon, and what he could be hoping to accomplish with his latest circular of criticism.
What's really hurting the U.S. Postal service?
Trump is correct that the U.Due south. Mail service is losing money, but that isn't related to Amazon — or package delivery in full general.
The president insists that its reason for losing money is that Amazon does not pay enough taxes, and that puts the burden on taxpayers who fund the service.
READ More than: Donald Trump continues to target Amazon on Twitter
On the reverse, the postal service has enjoyed double-digit increases in revenue from delivering packages, but that hasn't been enough to starting time declines in showtime-class letters and marketing post, which together make upwardly more than ii-thirds of postal revenue.
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The service's xi years of losses are mostly attributed to pension and health-care costs.
As Bloomberg reports, Trump has not offered any testify about why he believes Amazon is to arraign for the post office'due south woes. The post office itself has said that eastward-commerce deliveries assist boost its operations.
Jeff Bezos and The Washington Post connection
Many take suggested that Trump's disapproval of Amazon stems from his dislike of the visitor'due south billionaire CEO, Jeff Bezos, who also privately owns The Washington Mail service.
"It'due south been pretty clear from his tweets, both his recent ones and going back a number of years, that he links Bezos' ownership of The Washington Post with the fact that he'southward also the CEO of Amazon," Sean Mullin, the executive director of the Brookfield Institute, explained to Global News.
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The newspaper has been repeatedly slammed by the president as "fake news."
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Last year, information technology won a Pulitzer Prize for its investigation of Trump's donations to charities, which found that many of Trump'southward philanthropic claims were exaggerated and often were non charitable donations.
Mullin notes that in that location's trivial evidence to suggest that Bezos has inverse the editorial independence of the newspaper, or its mandate, since buying it in 2013.
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However, White Business firm Deputy Press Secretary Raj Shah has been quick to deny that Trump has a personal grudge confronting Bezos or Amazon.
"A lot of people accept made this, with respect to Amazon, about personalities and the CEO at Amazon – we're talking about Jeff Bezos hither," he said last calendar week on Pull a fast one on News. "It'south really about policy."
What activity can Trump take?
Trump essentially wants the post to increase aircraft costs for Amazon, but his list of options doesn't end there.
On Mon, Vanity Off-white reported that advisers shut to Trump have likewise encouraged him to cancel Amazon's multi-billion contract with the U.S. defence section to provide cloud computing services.
As president, Trump could also push attorneys general in Republican states to open probes into Amazon'due south business practices.
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Could this really hurt Amazon?
Amazon shares were upward virtually 0.two per cent in Tuesday morning trading on the Nasdaq afterward trading upwards well-nigh ane.8 per cent earlier on Tuesday before Trump'south latest tweet.
But the company's shares fell more than 5 per cent Monday, post-obit another Trump tweet that promised unspecified changes to Amazon'southward dealings with the postal service.
Walid Hejazi, an associate professor of international business at the University of Toronto, explained that "there'southward a lot of doubt" over how Amazon volition truly be afflicted by Trump's twitter rants.
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Simply Hejazi said he expects things will accident over, and the retail giant will non be hurt in the long term.
"I call back materially, but information technology'south difficult to know for certain, that over the long term it'll have no effect. I don't think Donald Trump will be able to do anything legislatively that will undermine the success of Amazon," he said, adding that Trump will probably switch to criticizing something else in the next few days.
The professor added that consumers, who like the products and services that Amazon offers, are unlikely to turn away from the company.
— With files from Reuters, The Associated Press
© 2018 Global News, a division of Corus Entertainment Inc.
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Source: https://globalnews.ca/news/4119683/donald-trump-amazon-attacks-washington-post/
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