Amazon shares closed up 2.9% on Thursday, but dipped slightly after the market close following the latest Trump comments.
Amazon shares closed up 2.9% on Thursday, but dipped slightly after the market close following the latest Trump comments.

Trump Taking ‘Serious Look’ at Policy Options on Amazon

Trump Taking ‘Serious Look’ at Policy Options on Amazon

US President Donald Trump has said he would take a serious look at policies to address what he says are the unfair business advantages of online retailer Amazon.com Inc.
Speaking to reporters while traveling back to Washington from West Virginia on Air Force One, he accused Amazon of not operating on a level playing field and not paying enough sales tax, Reuters reported.
Asked if he wanted to make policy changes related to the company, Trump said, “We’re going to take a very serious look at that.”
The “sales tax situation” was going to be looked at soon by the Supreme Court, he added.
In the case to be argued on April 17, South Dakota is asking the nine justices to overturn a 1992 Supreme Court ruling that only companies with a physical presence in a state are required to collect the state’s sales tax on purchases. The Justice Department filed a brief in support of South Dakota, which lost in lower courts.
Amazon is not involved in the case but the eventual ruling could have consequences for it and other e-commerce businesses. Amazon has already agreed to collect sales taxes in all 45 states that impose them on items it sells directly.
South Dakota argues that brick-and-mortar retailers suffer because they have to collect the taxes and therefore have a pricing disadvantage.
Trump’s comments on Thursday followed a tweet earlier in the day calling the Washington Post the “chief lobbyist” for Amazon. The Washington Post is privately owned by Jeff Bezos, the founder and chief executive officer of the online retailer. Amazon does not own the Post.
Last weekend Trump called the Washington Post a lobbyist for Amazon in a tweet. Martin Baron, the Washington Post’s executive editor, rejected the accusation.
“There isn’t anybody here who is paid by Amazon,” Baron told the New York Times in a report published on Tuesday. “Not one penny.”
Amazon shares closed up 2.9% on Thursday, but dipped slightly after the market close following the latest Trump comments. Before Thursday’s trading, the stock had dropped 4% since news website Axios reported last week that Trump was obsessed with Amazon and wanted to curb its power, possibly with anti-trust action.
Trump followed that report by repeatedly attacking Amazon’s use of the United States Postal Service, claiming it is losing money delivering Amazon packages, without presenting any evidence to back up his assertion. He repeated the claim, “The Post Office is not doing well with Amazon,” in his comments on Thursday.

Short URL : https://goo.gl/wVhXvK
  1. https://goo.gl/VKdqMt
  • https://goo.gl/vYyYFh
  • https://goo.gl/21211M
  • https://goo.gl/nmN1cm
  • https://goo.gl/pCQkKQ

You can also read ...

Iran has specified the amount of prescription medicines...
Tehran Market: Euro and USD Keep Climbing
Foreign exchange rates were again defiant and continued to...
Iran, Iraq Private Sector Officials Meet in Tehran
The chambers of commerce of Iran and Iraq surveyed ways of...
Finnish IT Company Renews Iran Contracts
A Finnish provider of telecom information technology solutions...
Iran, UK Renew Trade Commitments
High-level trade representatives of Iran and the UK met on...
Iran Bans Tomato Exports Until Further Notice
The Ministry of Industries, Mining and Trade has banned the...
TEDPIX Crosses 170,000 Threshold
Major Iranian stock indexes vaulted to fresh records on...
Iran: Possibility of Collusion in 2 Mobile Operators’ High Prices
Unifying their pricing systems, major mobile operators MTN-...

Add new comment

Read our comment policy before posting your viewpoints