President Donald Trump Targets Amazon in New Tweets

Amazon delivery

This happened after last year's USA tax reform and against the pressure of President Donald Trump against the company.

Trump is no fan of Amazon, and he often broadcasts this on Twitter.

The Federal Trade Commission quickly gave its blessing to Amazon's acquisition of Whole Foods Market, an indication that the company was far from triggering serious antitrust concerns.

For a time, many people selling things on Amazon would set themselves up in states with little or no state income tax, and then declare that all the income they earned in the US should be taxed as though it was from there, regardless of where the buyer was from. Led by former Obama Administration press secretary Jay Carney, Amazon's D.C. unit past year deployed 30 in-house lobbyists. Are packages to the White House not being delivered on time? The president would love to clip CEO Jeff Bezos wings.

Amazon shares dropped 4.4 per cent Wednesday after Axios reported that Trump is "obsessed" with Amazon and is seeking to find ways to "go after" the company with antitrust or competition laws.

Changing Amazon's tax treatment or using antitrust law to thwart Amazon would be hard.

In response to questions about the Axios report, a White House official said no specific policy changes related to Amazon were known, but it was always looking at different options on a range of policy issues.

The clarification, however, wasn't enough to reassure Amazon investors. "Big tax shelter", Trump said on Twitter in December 2015.

Though the retailer has provoked the ire of the President, an editorial published by The Wall Street Journal rebuffed the Trump's complaints, explaining that "the executive branch can't do much to hurt Amazon". Last year, the president blasted the company for doing damage to "tax paying retailers".

What went wrong with GSAT-6A? ISRO trying to figure out
The loss of communications prevents the transfer of commands from earth to the spacecraft to fire the engines to change its orbit. The satellite was expected to help India in providing mobile communication through multi-beam coverage facility.

In Ireland, we're used to hearing claims of tech firms and multinationals not paying enough tax and it's a debate that rages here in the United States as well.

When asked about Treasury Secretary Steve Mnuchin's earlier comments regarding the potential for creating an Internet sales tax, Sanders provided some additional context.

President Trump on Thursday tweeted criticism of Amazon, implying that the administration may be mulling some type of regulatory action.

To comply with federal law, the Postal Service in 2017 had to generate at least $1.6 billion in income from its "competitive nonpostal services", which includes Amazon package deliveries.

On Wednesday, shares of the largest US online retailer tumbled after a report that Trump might be looking for ways to turn his threats into action.

Brick-and-mortar stores have closed by the hundreds, as retail chains struggle to compete with the convenience of online shopping, a transformation led and dominated by Amazon. Internet shoppers have countless websites to choose from.

But it wasn't clear whether this was because of some of Amazon's actual practices, or perhaps because Jeff Bezos, the Amazon CEO, also happens to own the Washington Post. Donald Trump has a lower ranking with a net worth, according to Forbes, of $3bn. Bezos also owns the Washington Post, an outlet Trump has repeatedly derided as "phony" and "fake news". Its journalists frequently break stories that are critical of the White House.

The US e-commerce giant Amazon.com ceased its partnership with the largest lobbying company in Washington and has recruited new advisers. Last year, the company bought the Whole Foods supermarket chain for nearly $14 billion. The site allows him to bypass the traditional media and effectively "cut out the middleman".

"If I become president, oh do they have problems", Trump said at a campaign stop in 2016.

Related News:

  • Korean art troupe to leave for N. Korea

    Korean art troupe to leave for N. Korea

    Kim Jong Un, his wife, Ri Sol Ju , and his younger sister, Kim Yo Jong were among the 1,500 spectators. The inter-Korean summit, the third after meetings in 2000 and 2007, will be held on April 27.
    Ref off! No British referee chosen for Russian Federation  2018 World Cup

    Ref off! No British referee chosen for Russian Federation 2018 World Cup

    Germany and Poland join Italy and the U.S.as nations to have tried VAR domestically and had referees selected for the finals. Soccer is proud to have four Match Officials selected for the 2018 World Cup in Russian Federation ", U.S.
    BJ Watling and Colin de Grandhomme spearhead New Zealand fightback

    BJ Watling and Colin de Grandhomme spearhead New Zealand fightback

    File image of England captain Joe Root and New Zealand captain Kane Williamson. Southee raced from 13 to 50 after overnight partner BJ Watling fell for 85.
  • Homeowner finds 11-foot gator in swimming pool

    Homeowner finds 11-foot gator in swimming pool

    She claims low water levels in nearby lagoons may have forced the gator to find a different source to cool down. They tweeted a first picture of the alligator lit up by the swimming pool's light shortly before midnight.
    Immigrants at centre of partisan brawl over United States  census

    Immigrants at centre of partisan brawl over United States census

    The money would be used to provide counselors and census forms at government offices and social centers such as the local Y. As the nation begins to consider the ever increasing challenge of counting each American every decade, the U.S.

    State shuts down medical marijuana businesses

    Phil Murphy took one look at New Jersey's floundering medical marijuana program and made it a top priority. In the Detroit area there is even more confusion as 159 businesses also received cease and desist letters.
  • What is Easter, and why do Christians celebrate this holiday?

    What is Easter, and why do Christians celebrate this holiday?

    Main opposition Republican People's Party (CHP) leader Kemal Kılıçdaroğlu also extended his good wishes to Christian citizens. Matt Stump, pastor of Rossville and Bismarck United Methodist churches, will speak on "The Way, the Truth and the Light".
    India deny any wrongdoing after syringes found in compound

    India deny any wrongdoing after syringes found in compound

    However, an Indian official claimed that it was they who handed the syringes to the CGF medical commission. "It does not belong to us", an Indian official, travelling with the contingent, told PTI.
    Howard Students Occupy Administration Building In Wake of Embezzlement Scandal

    Howard Students Occupy Administration Building In Wake of Embezzlement Scandal

    We are committed to jointly making changes to move Howard Forward". "We leave when our demands are met", Minder said. Frederick added, "We will refer this matter for criminal prosecution, as appropriate".
  • West Ham rout Southampton to boost survival hopes

    West Ham rout Southampton to boost survival hopes

    Moyes was dumped as Alex Ferguson's United successor in 2014 after less than a season with the Community Shield his only honor. Hughes, asked about Arnautovic's reaction, said: 'I've been told about this but I wasn't aware he was shouting anything'.
    Sloane Stephens captures first Premier Mandatory title — WTA Miami

    Sloane Stephens captures first Premier Mandatory title — WTA Miami

    That's Ostapenko's favorite shot, but Stephens forced her to play it from well above her shoulder, rather than in her strike zone. She did so in style, to love, to win her first title since the US Open and a place in the top 10 . "I'm sure it will be lovely ".
    Bulldogs, Cards eager to make their own mark on Final Four

    Bulldogs, Cards eager to make their own mark on Final Four

    McCowan, who scored 21 points and grabbed 25 rebounds, helped keep the Cardinals scoreless until the final minute of OT. Friday night's game included 15 lead changes in regulation, with Mississippi State taking over in overtime.


Most liked

'Smallville' Star Kristin Kreuk Also Involved Once in Allison Mack's Cult
She could be arrested next especially after a video showed she was there when police arrested cult leader Keith Raniere . Mack herself has had no public statement since allegations of her involvement in criminal activity first came to light.

President Trump targets Amazon on Twitter, shares slide
Axios reports that Trump is " obsessed " with Amazon, seeing it as a threat to real estate and traditional retail industries. Amazon's stock, which is up more than 65 percent in the last 12 months, rose 1 percent to close at $1,447.34 Thursday.

IDPH Issues Warning About Synthetic Cannabinoids | IDPH
Someone has died in Illinois after using synthetic marijuana, the Illinois Department of Public Health announced Saturday. Cases of poisoning from synthetic pot have spiked in IL , and authorities are trying to get a handle on why that is.

Tearful Nacho Fernandez limps out of Las Palmas-Real Madrid game
Zinedine Zidane reiterated his desire to remain in charge of Real Madrid beyond the end of this season but admitted the final decision may be beyond his control.

Russian diplomats expelled from United States arrive in Moscow
On Friday, Russia said it would limit the size of the British diplomatic mission to Russia to match that of Moscow's mission in Britain.

11 terrorists killed in Shopian and Anantnag operation; 1 militant caught alive
While the searches were going on, the hiding militants fired upon the search parties, ensuing encounters at both the sites. Seven militants including top commanders were killed in a fierce encounter in the Dragad village of the Shopian district.

Wall Street up more than 1% on last day of tumultuous quarter
US equity markets closed lower on Wednesday, as continued weakness in the technology sector weighed on the main indexes. The Russell 2000 index of smaller-company stocks picked up 16.40 points, or 1.1 percent, to 1,529.43.

VW Offering Diesel Buyback Deals After Ruling Supports City Bans
The German firm has agreed to buy back about 500,000 United States vehicles in all following the scandal over diesel emissions. Now the buy-back scheme will only apply in Germany to begin with, but it could expand outside the country in future.

Drug arrest in Elliott County, Ky
Mannino was charged with five counts of possession risky drugs for sale and two counts of possession/use of narcotic drugs. After she was inside, Asano locked the door and said he would kill her if she tried to leave, police allege.

Chelsea having the season they deserve: Antonio Conte
Chelsea boss, Antonio Conte , has spoken on Victor Moses after the Blues fell 3-1 to Tottenham at Stamford Bridge on Sunday. Today we had a great chance to close the gap with Tottenham and we lost this chance.

First Republic Investment Management Inc. Cuts Position in Antero Midstream Partners LP
The pipeline company reported $0.34 earnings per share for the quarter, meeting the Zacks' consensus estimate of $0.34. Investors sentiment increased to 2.05 in Q3 2017. 0 analysts call it Underweight, while 1 think it is Overweight.

No Timetable On Embiid's Return After Successful Surgery
There is now no timetable for Joel's recovery, and Joel will return to play when it is safe and medically advisable. Embiid suffered an orbital fracture and concussion in a collision with teammate Markelle Fultz on Wednesday night.

Where's Waldo? Find him in Google Maps
If you aren't familiar, this is a picture book series in which the reader has to find " Waldo " - a man wearing a striped sweater. When opening the app between today and Wednesday, April 4, you'll see Waldo hiding in the upper left-hand corner of your screen.

Korea backs new United Nations sanctions against N. Korea
The move draws attention as it comes amid a flurry of diplomatic solutions unfolding to resolve the North Korea nuclear issue. It comes despite planned summits this spring between the USA and South Korean leaders with North Korea's Kim Jong Un.

Only 54 NCAA brackets correctly predicted the Final Four
Texas Tech had never reached the Elite Eight in the 93-year history of the program but easily handled Purdue in the Sweet 16. But that ended when Duke lost in the Elite Eight, and it also has to wear Virginia's "first #1 seed to lose to a #16" badge.