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

Trump: Amazon 'Putting Thousands of Retailers Out of Business'
(Juan Carlos Ulate/Reuters)

By    |   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."

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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Politics
President Donald Trump took aim at Amazon again Thursday, taking to Twitter to reiterate his concerns about the online retail giant, noting that it puts "many thousands of retailers out of business."
trump, amazon, retailers, out of business
171
2018-07-29
Thursday, 29 March 2018 09:07 AM
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