News

Economy & Business

Report: Trump Looking for Ways to Target Amazon

(Reuters photo: Mike Segar)

President Trump launched a string of Twitter attacks on Amazon.com Inc. over the weekend and is reportedly looking for ways to target the monster e-commerce company.

Amazon’s stock sank on Thursday after the president tweeted that “they pay little or or no taxes to state & local governments, use our Postal System as their Delivery Boy (causing tremendous loss to the U.S.), and are putting many thousands of retailers out of business!”

Trump’s beef with Amazon is exacerbated by the fact that chief executive Jeff Bezos also owns The Washington Post, which has provoked Trump by its negative coverage of him.

“He’s off the hook on this. It’s war,” a White House source told Vanity Fair’s Gabriel Sherman.

“He gets obsessed with something, and now he’s obsessed with Bezos,” another source said. “Trump is like, how can I f*ck with him?”

Trump said before the Easter weekend that the Post Office loses $1.50 on average for each package it delivers for Amazon, a statistic that has been challenged by analysts. The company also pays the sales tax in 45 states.

By Monday Amazon was still on the president’s mind, and stock dipped again 5 percent.


Trump plans to keep attacking Amazon on Twitter but is also considering asking the Post Office to raise Amazon’s shipping costs. Former economic adviser Gary Cohn had recommended against such a move and told the president that the Post Office actually makes money from Amazon.

Current advisers are pushing Trump to cancel Amazon Web Services’ pending $10 billion contract with the Pentagon. Republican attorney generals could also investigate Amazon’s business practices.

The “fake Washington Post” is used as a “lobbyist” and should register as one, Trump said.

“Trump doesn’t like The New York Times, but he reveres it because it’s his hometown paper. The Washington Post, he has zero respect for,” a Republican source said to Vanity Fair.

Washington Post executive editor Martin Baron told the New York Times on Monday that Trump’s idea that Bezos chooses the editorial direction of the paper is “completely made up.”

The Post is owned independently by Bezos, not by Amazon, although Trump has called it the “Amazon Washington Post.”

Send a tip to the news team at NR.

Most Popular

Hamilton on the Wrong Side of Cinema

Disney’s presentation of the Broadway blockbuster Hamilton marks a curious cultural turning point: The most heralded production in recent Broadway history has not been adapted into a movie — it’s a digital video recording of a 2016 stage performance — because it has to live up to its hype as an exclusive ... Read More

Hamilton on the Wrong Side of Cinema

Disney’s presentation of the Broadway blockbuster Hamilton marks a curious cultural turning point: The most heralded production in recent Broadway history has not been adapted into a movie — it’s a digital video recording of a 2016 stage performance — because it has to live up to its hype as an exclusive ... Read More
Elections

‘Slipping and Sliding down the Polls’

This is an excerpt from episode 233 of The Editors. Rich: So Jim Geraghty, I have the RealClearPolitics Biden versus Trump polling page up right here. I’m just going to read you some numbers going back to . . . This is a CNBC poll from the 10th and 12th of June. And I’m just going to run through to the ... Read More
Elections

‘Slipping and Sliding down the Polls’

This is an excerpt from episode 233 of The Editors. Rich: So Jim Geraghty, I have the RealClearPolitics Biden versus Trump polling page up right here. I’m just going to read you some numbers going back to . . . This is a CNBC poll from the 10th and 12th of June. And I’m just going to run through to the ... Read More
Politics & Policy

Against Trump

Donald Trump leads the polls nationally and in most states in the race for the Republican presidential nomination. There are understandable reasons for his eminence, and he has shown impressive gut-level skill as a campaigner. But he is not deserving of conservative support in the caucuses and primaries. Trump is ... Read More
Politics & Policy

Against Trump

Donald Trump leads the polls nationally and in most states in the race for the Republican presidential nomination. There are understandable reasons for his eminence, and he has shown impressive gut-level skill as a campaigner. But he is not deserving of conservative support in the caucuses and primaries. Trump is ... Read More
U.S.

The Worrisome Decline of Patriotism in America

Independence Day is a time to celebrate our country, but with patriotic sentiment at perhaps an all-time low, this year’s holiday is also an opportunity for us to remember how excruciatingly lucky we are to be American citizens. With nothing but bad news filling our screens in recent months, love of country has ... Read More
U.S.

The Worrisome Decline of Patriotism in America

Independence Day is a time to celebrate our country, but with patriotic sentiment at perhaps an all-time low, this year’s holiday is also an opportunity for us to remember how excruciatingly lucky we are to be American citizens. With nothing but bad news filling our screens in recent months, love of country has ... Read More