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Trump slams Amazon on taxes, postal deal

Trump slams Amazon on taxes, postal deal

Trump noted that he's already made his frustrations with Amazon crystal clear, but he still took the time to outline his specific concerns.

President Trump escalated his attack on Amazon on Thursday, alleging the retail and cloud-hosting behemoth shortchanges taxpayers and attacking its use of the US Postal Service and its impact on traditional retailers.

US President Donald Trump on Friday slammed Amazon for paying "no taxes" to state and local governments as reports emerged that he is seeking tougher regulations against the Seattle-based company, which now has a global presence, including in India.

The president, seemingly responding to reports that he was "obsessed" with Amazon, tried to explain his feelings about the online retail giant.

Amazon also charges taxes under agreements with states, but Trump is not alone in criticizing how the company collects taxes: cities have said they're left out of tax money, and Amazon does not generally force third-party sellers on its platform into collecting applicable taxes.

But after touring Amazon's newest fulfilment centre this morning in Monee, Ill., US Rep. Robin Kelly, (D) IL, said she believes Trump's tweets are personal.

His online barrage came the morning after a report by Axios said he was ready to "go after Amazon".

"[Amazon has] long supported Congressional action to solve the patchwork system of state and local laws", the source told Benzinga.

Compass Point believes there are "two underlying components to President Trump's disdain for Amazon: an affinity for "mid-century business, ' as Axios puts it; and Jeff Bezos" ownership of the Washington Post".

Amazon says that it actually helps small companies succeed in the hard retail climate.

Amazon uses the United States Postal Service to deliver about 40 percent of its packages, according to PBS Newshour.

A USPS spokesperson declined to comment on Trump's comment. And Vox notes most of that loss isn't because of shipping packages, in fact that part of the business is profitable. Trump took a jab at Amazon, calling it a "no profit company", and at the Bezos-owned The Washington Post, saying it's "losing a fortune".

Trump has always been at odds with Amazon founder Jeff Bezos, a vocal opponent of the Republican candidate in the 2016 election campaign.


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