Published: Wed, August 16, 2017
Money | By Armando Alvarado

Trump attacks Amazon: 'Doing great damage to tax paying retailers'

Trump attacks Amazon: 'Doing great damage to tax paying retailers'

Trump tweeted: "Amazon is doing great damage to tax paying retailers". In his tweet, Trump claimed Amazon was causing harm to cities, states, and towns across the U.S. Trump's Twitter blast claimed Amazon was causing many jobs to be lost. December 7, 2015, was the first time the president tweeted negatively about the company, calling Amazon a "no profit company" and accusing the Washington Post of being a tax haven for Amazon. The Washington Post is owned by Jeff Bezos, the CEO of Amazon. To cut expenses, many retailers have been forced to close outlets and ax jobs. Is Trump just trying to stir the pot?

Bengaluru: 101 'Indira Canteens' to be open from today, first meal free
RWAs in Jayanagar have expressed concerns about handling of food waste and littering from the canteens. Rahul and state Chief Minister Siddaramaiah also took a meal at the newly inaugurated Indira Canteen.

The company's shares fell to $980.00 in premarket trade shortly after Trump's early-morning tweet, which followed another tweet emphasizing "JOBS!" and targeting the high-profile CEOs who resigned from the president's American Manufacturing Council. Blue Apron is the most notable example, as the company lowered its expected range for its initial public offering after Amazon announced its intent to buy Whole Foods, and has been sinking ever lower since its IPO. USA Today notes that a number of retailers including True Religion, The Limited, and Payless ShoeSource all declared bankruptcy just this year. "In June, he bashed the "#AmazonWashingtonPost" for "not paying internet taxes". Trump has also accused the Post of being essentially a lobbyist for Amazon in the past. Do you believe Amazon is hurting brick-and-mortar businesses and killing jobs?

Like this: