Trump trains cross hairs on favorite target, again - Amazon


NEW YORK (AP) — President Donald Trump returned to a favorite target today, saying that Amazon.com should be charged more by the U.S. Postal Service for the packages it sends around the world.

Amazon has been a consistent recipient of Trump's ire. He has accused the company of failing to pay "internet taxes," though it's never been made clear by the White House what the president means by that.

In a tweet, Trump said Amazon should be charged "MUCH MORE" by the post office because it's "losing many billions of dollars a year" while it makes "Amazon richer."

Amazon lives and dies by shipping, and increasing rates that it negotiates with the post office, as well as shippers like UPS and FedEx, could certainly do some damage.

In the seconds after the tweet, shares of Amazon, which had been trading higher before the opening bell, began to fade and went into negative territory. The stock remained down almost 1 percent in late trading today.

Amazon was founded by Jeff Bezos, who also owns The Washington Post. The Post, as well as other major media, has been labeled as "fake news" by Trump after reporting unfavorable developments during his campaign and presidency.

He has labeled Bezos' newspaper the "AmazonWashingtonPost."

The Seattle company did not respond to a request for comment. A spokeswoman for the Postal Service said, "We're looking into it."

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