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Trump vs. Amazon: Let's set the record straight

30 March 2018

Trump has gone after Amazon and its billionaire owner Jeff Bezos plenty of times in the past.

Compass Point believes there are "two underlying components to President Trump's disdain for Amazon: an affinity for "mid-century business, ' as Axios puts it; and Jeff Bezos" ownership of the Washington Post".

Amazon shares closed 4.38% lower at $1,431.42, keeping the stock below the $1,500 mark for a second straight day.

The president didn't expand on his Amazon thoughts Thursday, but he has been critical about Amazon and how it collects sales taxes.

Trump criticized Amazon for not paying their fair share in taxes on Thursday, the latest development in a feud that has lived on Twitter since 2016.

In the decade following 2007, e-commerce added 355,000 jobs while general retail lost 51,000, resulting in a net gain of more than 300,000.

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White House Deputy Press Secretary Raj Shah denied on Thursday that Mr Trump's criticism was a personal grudge.

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The issue here is that Trump wants to protect those who have been making money in the more traditional manner.

Amazon founder Bezos also privately owns the Washington Post, which won a Pulitzer Prize a year ago for its investigation of Trump's donations to charities.

Though according to the ITEP, localities and states may have an easier time collecting those taxes after next month, when the Supreme Court is expected to revisit a precedent set by the 1992 Quill vs. Wayfair ruling.

"Walmart was crushing the little guys before Amazon, and more of Amazon's growth is coming from the Walmarts of the world", Kerner said.

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Trump also complained December 29 that the loss-ridden U.S. Postal Service wasn't charging Amazon enough to deliver the retailer's packages.

Trump has actually been grumbling regarding secretive, thinking the business has actually come to be as well effective, an additional management authorities verified to Reuters.

"Not only do Amazon packages cover their own costs", a source involved with the partnership told Benzinga, "but they help keep the overall service alive". That lopped $31.8 billion off the Seattle-based company's total stock market value, to $693 billion.

Amazon pays the federal corporate tax and collects taxes in all 46 states where sales taxes exist, plus the District of Columbia.

Although Facebook's Cambridge Analytica scandal has made most of the headlines recently, and despite Mark Zuckerberg agreeing to testify before Congress, Axios says Trump isn't interested in how the platform handles user data. There is one big loophole, however: Amazon's policies don't apply to third-party merchants selling goods through its website, and many of those transactions remain untaxed.

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However, he also noted that compared to last year, the team is well ahead in terms of defensive statistics this year. Holy Redeemer rising senior Skylar Osenkarski competed in Capitol Hill Volleyball Classic recently.

Trump vs. Amazon: Let's set the record straight