President Trump News: Trump Declares War Against Amazon – POTUS’s Obsession Cost Millions for Bezos

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While the whole US and even world are concerned about Facebook biggest data scandal, is “obsessed” with Amazon.

Keep on reading Nexter.org to know more.

Hold on, Jeff Bezos

is “obsessed” with Amazon, a source told the news website Axios and he’s searching for the legal means to go after the online retail giant.

“He’s obsessed with Amazon,” a source said. “Obsessed.”

“He’s wondered aloud if there may be any way to go after Amazon with antitrust or competition law,” told a source who’s spoken to POTUS.

trump-bezos-photo

Source: Twitter

What does Trump want? 

  • According to the Axios, Trump believes Amazon is harming smaller, locally owned retailers and wants to find a way to curtail the company’s dominance in online shopping.
  • Also, he is considering a change to Amazon’s tax status or a crack down through antitrust rules.
  • Trump also is unhappy that Amazon has gotten a free ride from taxpayers and cushy treatment from the U.S. Postal Service.

“The whole post office thing, that’s very much a perception he has,” another source said. “It’s been explained to him in multiple meetings that his perception is inaccurate and that the post office actually makes a ton of money from Amazon.”

That’s not the first time Trump shows his negative attitude to Bezos company. In August he tweeted: “Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout the U.S. are being hurt – many jobs being lost!”

Amazon’s reaction

Following the announcement of Trump’s plan, Amazon’s stock fell roughly $63 a share, or 4.2%, as of 2:50 pm ET to $1,434.10 a share.

amazon-chart-photo

Source: businessinsider

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Summary
Trump Declares War Against Amazon - POTUS Obsess Cost Millions for Bezos
Title
Trump Declares War Against Amazon - POTUS Obsess Cost Millions for Bezos
Description
While the whole US and even world are concerned about Facebook biggest data scandal, DonaldTrump is "obsessed" with Amazon. Keep on reading Nexter.org to know more.
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