Palm Beach, FL – U.S. President Donald Trump targeted online retailer Amazon on Friday in a call for the country’s postal service to raise prices of shipments in order to recoup costs.
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“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 wrote on Twitter.
The U.S. Postal Service is an independent agency within the federal government and does not receive tax dollars for operating expenses, according to its website. The organization makes up a significant portion of the $1.4 trillion U.S. delivery industry. Other players include Fedex Corp and United Parcel Service Inc.
Amazon was founded by Jeff Bezos, who remains the chief executive officer of the retail giant. Bezos also owns the Washington Post, a newspaper that Trump has repeatedly railed against in his criticisms of the news media.
Representatives for the White House and Amazon were not immediately available for comment. Shares of Amazon were last down 0.2 percent to $1,183.50 in premarket trading.
Trump is right on this one. Alibaba delivers from china a package anywhere in the USA for 89 Cents. In the USA the US Post is doing the delivery. They loosing $ 5.00 per package or more and paid by the US Taxpayer. Let see if he is only against Amazon or is he ready to take on China (His business Partners) They hurt the USA much more than Amazon. 99% of his promises he didn’t deliver so far. Remember Germany and Korea should be paying for their own Defense? Remember the US Citizens should pay the same for Made in USA Mediicne like Canada, England etc, not 5 times more?.
All this country,s voted against Trump in the UN last week
Trump is on the button with this one…
Amazon prime delivers free all over for $99 year…they negotiate the post office to the bottom profit margin, post office is happy to get the business and the tax payer picks up the usps defecit. You dont need to be Alan Greenspan to figure out that Amazon is profiting on its shipping deals.
Time to put a stop to it and let Fedex and UPS loose all that money and maybe the retail sector in America will come back to life
Stam Jealous. Jeff Bezos worth 75 Billion poor Trump only 1.6 Billion, most of it left for him by his dad.
If USPS charges more, nobody will use them. Their services are clearly inferior. The tracking is known not to work at all.