Shares of Amazon.com Inc fell 3 percent on Monday after U.S. President Donald Trump again attacked the online retailer over the pricing of its deliveries through the U.S. postal system and promised unspecified changes. Trump on Thursday accused Amazon of not paying enough tax, making the postal system lose money and putting small retailers out of business. But he offered no evidence to back up his criticisms and did not suggest any actions he would take.
Only fools, or worse, are saying that our money losing Post Office makes money with Amazon. THEY LOSE A FORTUNE, and this will be changed. Also, our fully tax paying retailers are closing stores all over the country…not a level playing field!
— Donald J. Trump (@realDonaldTrump) April 2, 2018
USPS and Amazon
•2013: USPS, Amazon sign partnership
•Deal requires agreement to be profitable for USPS
•Deal requires USPS to make Amazon deliveries on Sundays
•USPS annual revenue has increased by $2.3B since 2013
•2017: USPS made $19B in revenue from packages and shipping pic.twitter.com/Pb0lLTT1Sn
— Fox News Research (@FoxNewsResearch) April 1, 2018
— CNN (@CNN) April 2, 2018
Yeah this Fox segment triggered Trump’s Amazon tweet a few minutes later.
Childers: The U.S. Postal service is actually making money as a result of delivering [Amazon packages]
Payne: No one knows… Many think they’re losing money. pic.twitter.com/ts04u8b3xU
— Matthew Gertz (@MattGertz) April 2, 2018