The Great Smoky Mountain Journal
Staff, Wire Reports
Posted: Sunday, January 21, 2018 07:31 PM
President Trump Unloads On Amazon In Friday Tweet Concerning Online Shipping Costs
Fresh off the nation's biggest holiday
shopping season in years, President Trump went postal on Amazon,
suggesting on Twitter the online retailer is taking advantage of the
federal government's beleaguered mail service.
Amazon and its founder, Jeff Bezos, have been the targets of Trump's
tweets in the past, but his Friday morning barrage did collateral damage
to the U.S. Postal Service, which Trump said ought to charge more to
deliver the online giant's packages.
Donald J. Trump
✔
@realDonaldTrump
Why is the United States Post Office, which is losing many billions of
dollars a year, while charging Amazon and others so little to deliver
their packages, making Amazon richer and the Post Office dumber and
poorer? Should be charging MUCH MORE!
8:04 AM - Dec 29, 2017
16,670 16,670 Replies 11,937 11,937 Retweets 49,368 49,368 likes
Twitter Ads info and privacy
“Why is the United States Post Office, which is losing many billions of
dollars a year, while charging Amazon and others so little to deliver
their packages, making Amazon richer and the Post Office dumber and
poorer? Should be charging MUCH MORE!” Trump tweeted.
His comment seems to be in response to a “Fox & Friends” segment about
tech trends in the new year which was aired Friday morning. The piece
focused on Amazon making shopping easier for its customers.
Following the president’s comments, Amazon
shares quickly reversed course in premarketing trading.
This isn’t the first time Trump’s used Twitter to taunt Amazon.
The president has a long-standing feud with the online retailer and
especially its founder.
Bezos also owns The Washington Post, a frequent critic of the president.
On July 23 Trump tweeted:
“It's hard to read the Failing New York Times or the Amazon Washington
Post because every story/opinion, even if should be positive, is bad!”
Trump has also claimed at times that Amazon is using financial losses at
the Washington newspaper to lower its tax bill.
Amazon does not own The Washington Post.
The president has also suggested Amazon doesn’t pay taxes. And in
August, accused the company of “doing great damage to tax paying
retailers. Towns, cities and states throughout the U.S. are being hurt –
many jobs being lost!”
Despite the presidential digs, it’s been a pretty good year for Bezos.
The 53-year-old business mogul saw his net worth climb to more than $100
billion in November after shares of Amazon surged.
As for the U.S. postal service, financial problems have plagued it for
years. In September, the USPS reported a net loss of $2.1 billion in the
third quarter. It marks the 11th consecutive year that the USPS has lost
money. In the last decade, it’s posted $65.1 billion in losses.
“Our financial situation is serious, but solvable,” USPS CEO Megan
Brennan said in September. “The continuation of aggressive management
actions, and legislative and regulatory reform, will return us to
financial stability and enable the Postal Service to maintain the
long-term affordability of mail, invest in America’s mailing and
shipping industry, and best serve the American public.”
Prospects of legislative reform seemed more attainable earlier this
year. The House Committee on Oversight and Government Reform voted in
March to advance a bailout bill called the Postal Reform Act of 2017. It
was sponsored by former Rep. Jason Chaffetz, who has since resigned.
He is currently a Fox News contributor.
