There's one big reason Trump wouldn't want to go after Amazon

04 April, 2018, 02:15 | Author: Orlando Hughes
  • President Trump Attacked Amazon Again. But He Got This Basic Fact Wrong

Given Trump's obsession with the market, said Greg Valliere, the chief global strategist at Horizon Investments, the drop-off should give the president pause before moving forward with the Amazon fight. Over the past week, Bezos could be wishing that had actually happened-because tweets by President Trump bashing Amazon appear to be costing Bezos billions of dollars. Senior fellow at the Institute on Taxation and Economic Policy, Matthew Gardner, explained this in a February blog post.

Amazon shares closed up 1.5 percent at $1,392.05. While the Trump Administration's corporate tax cuts generally took effect on January 1st, the law includes a grandfather clause for companies that (like Amazon) have managed to defer or postpone tax liability from prior years. "If you look at the cost that we're subsidizing, we're giving a subsidy to Amazon". It has a network of more than 20 "sort centres" where customer packages are sorted by zip code, stacked on pallets and delivered to post offices for the final leg of delivery.

-Reports late in the day that the WH wasn't holding any Amazon discussions led to a bit of an amazon rally. are we going to be hanging onto Trump's every tweet?

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And on Monday, he tweeted: "Only fools, or worse, are saying that our money losing Post Office makes money with Amazon".

On Monday Trump had also attacked the company over its shipping after criticizing it last week over taxes. CNN's national poll from December 2017 shows that the opposition to Trump's legislation keeps growing.

It was the latest salvo in a string of attacks as Trump stepped up his criticism of Amazon and Bezos, who also privately owns The Washington Post, one of Trump's favourite punching bags in his claims over "fake news". "He gets obsessed with something, and now he's obsessed with Bezos", sources told Vanity Fair, adding that the President, referring to Bezos, asked "How can I f*** with him?"

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