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Trump: Amazon 'Putting Thousands of Retailers Out of Business'

(Juan Carlos Ulate/Reuters)

By Mark Swanson | Thursday, 29 March 2018 09:07 AM EDT

President Donald Trump took aim at Amazon again on Twitter Thursday, reiterating his concerns about the online retail giant, noting that it puts "many thousands of retailers out of business."

I have stated my concerns with Amazon long before the Election. Unlike others, they pay little 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!
— Donald J. Trump (@realDonaldTrump) March 29, 2018

Amazon shed more than 7 percent of its market value Wednesday in the wake of a report that Trump is "obsessed" with Amazon and has discussed using antitrust or competition laws to clip the wings of the online retailer, and especially founder and CEO Jeff Bezos, who also owns The Washington Post.

Trump has often taken aim at the Postal Service for not charging Amazon enough, especially given an estimate last fall that the USPS loses $1.46 for every package it delivers from the online retailer.

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