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.”

Most Popular

White House

Out of Order

A  question in the spirit of Donald Trump’s tweets this morning might be: Who’s trying harder to crash U.S. markets, the president of the United States or the president of China? After Federal Reserve chairman Jerome Powell didn’t forecast the loosening of monetary policy that Trump craves and China ... Read More
Film & TV

Netflix Debuts Its Obama Manifesto

This week’s widespread media blitz heralding Netflix’s broadcast of its first Obama-endorsed presentation, American Factory, was more than synchronicity. It felt as though U.S. publicists and journalists collectively exhaled their relief at finally regaining the bully pulpit. Reviews of American Factory, a ... Read More
Politics & Policy

Capital versus Tucker Carlson

Advertisers do not advertise on Tucker Carlson’s show to endorse the views of Tucker Carlson. They advertise on his show for the same reason they advertise elsewhere: a captive audience — in Tucker’s case, the second-largest one in cable news — might spare thirty seconds of attention that will, they hope, ... Read More
Natural Law

Are Your Sexual Preferences Transphobic?

Last year, a study exploring “transgender exclusion from the world of dating” was published in the Journal of Social and Personal Relationships. Of nearly 1,000 participants, the overwhelming majority, 87.5 percent, irrespective of their sexual preference, said they would not consider dating a trans person, ... Read More
Culture

R.I.P. David Koch

Making the click-through worthwhile: breaking news that David Koch, a giant of philanthropy and the libertarian movement, has died; a couple of politicians who warn us about climate-change-driven rising oceans and worsening hurricanes pay millions for oceanfront property; an insane decision surrounding a morning ... Read More