Donald Trump steps up attacks on Amazon

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Donald Trump steps up attacks on Amazon

President Donald Trump has stepped up his attacks on Amazon, suggesting the online retail giant is ripping off the US Postal Service.

The US Post Office would lose $1.50 (£1.07) “on average for each package it delivers for Amazon”, he tweeted, but supporters of Amazon dispute this.

Mr Trump also said the Washington Post newspaper was a “lobbyist” for Amazon.

Amazon owner Jeff Bezos also owns the Washington Post, which publishes stories unpalatable to the president.

Like most mainstream media, the Post has reported on stories including Special Counsel Robert Mueller’s continuing investigation into links between the Trump election campaign and Russia, as well has his alleged relationship with porn star Stormy Daniels.

Saturday’s edition details how three different legal teams are scrutinising the Trump Organization’s accounts.

Mr Trump’s attacks on Amazon have seen its share price fall in recent days, amid concern that he might push for its power to be curbed by anti-trust laws.

The president tweeted that the US Post Office was losing “billions of dollars” in its contract with Amazon.

“If the P.O. ‘increased its parcel rates, Amazon’s shipping costs would rise by $2.6 Billion.’ This Post Office scam must stop. Amazon must pay real costs (and taxes) now!” he continued, quoting the New York Times.

Amazon has not commented.

But supporters of Amazon point out that the Postal Regulatory Commission, which oversees the industry, has found that the US Postal Service makes a profit from its contract with the company.

This in turn helps subsidise the costs of letter delivery, which avoids the need for price rises.

It is unprecedented for a sitting president to single out one company for such vicious attacks, says the BBC’s Business Correspondent, Joe Lynam.

Friends of Mr Trump in the commercial property sector have also been urging him to protect them from digital retail giants as they see shopping malls closing and rents falling, our correspondent adds.

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