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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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Both players have also been ejected from this year's Indian Premier League (IPL), losing contracts worth almost $2 million each. Air New Zealand has released a social media video lampooning the Australian cricket team in the wake of the ball-tampering row.

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

California Public Employees Retirement System raised its holdings in shares of, Inc.

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.

'Gerrymandering' returns before US Supreme Court
Breyer's comment is a sign that the justices haven't figured out the Wisconsin case in the almost six months since it was argued. If so, they could use their control over the election maps to give Democrats a decade-long advantage in Congress.

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.

Sun to start Wednesday, isolated showers by afternoon
All in all, Easter weekend won't be a total loss because of the weather, it just won't be sunny, warm and definitely not 100% dry. Low temperatures will stay in the low to mid 40s with winds from the north increasing to 10 miles per hour by morning.

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