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Trump attacks Amazon for paying 'little or no taxes' | Trump attacks Amazon for paying 'little or no taxes' |
(about 1 hour later) | |
President Trump has launched an attack on Amazon saying it pays little or no local or state taxes. | President Trump has launched an attack on Amazon saying it pays little or no local or state taxes. |
He also accuses it of "putting many thousands of retailers out of business". | He also accuses it of "putting many thousands of retailers out of business". |
Mr Trump added in a tweet that "they [sic] ...use our Postal System as their Delivery Boy (causing tremendous loss to the U.S.)". | |
It follows a report on the news website Axios on Wednesday that claimed Mr Trump wanted to "go after" Amazon. | It follows a report on the news website Axios on Wednesday that claimed Mr Trump wanted to "go after" Amazon. |
Amazon shares fell more than 4% on Wednesday. | Amazon shares fell more than 4% on Wednesday. |
However, tech stocks such as Twitter, Google and Facebook have also fallen in recent weeks in a wider sell-off. | |
The Axios report claimed: "Trump's wealthy friends tell him Amazon is destroying their businesses. His real estate buddies tell him - and he agrees - that Amazon is killing shopping malls and brick-and-mortar retailers." | The Axios report claimed: "Trump's wealthy friends tell him Amazon is destroying their businesses. His real estate buddies tell him - and he agrees - that Amazon is killing shopping malls and brick-and-mortar retailers." |
It is not the first time the President has criticised Amazon on social media. | It is not the first time the President has criticised Amazon on social media. |
Last year in August, the President tweeted: "Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout the U.S. are being hurt - many jobs being lost!" | Last year in August, the President tweeted: "Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout the U.S. are being hurt - many jobs being lost!" |
In the past the President has also taken aim at the Washington Post which is owned by Amazon founder Jeff Bezos. | In the past the President has also taken aim at the Washington Post which is owned by Amazon founder Jeff Bezos. |
Last year the he tweeted: "The #AmazonWashingtonPost, sometimes referred to as the guardian of Amazon not paying internet taxes (which they should) is FAKE NEWS!" | Last year the he tweeted: "The #AmazonWashingtonPost, sometimes referred to as the guardian of Amazon not paying internet taxes (which they should) is FAKE NEWS!" |
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