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President Trump fires Amazon with tweet missile

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US President Donald Trump has accused Amazon.com of not paying enough tax, taking advantage of the US postal system and putting small retailers out of business.

Trump voiced the accusation against the retail giant in a tweet he posted on his official Twitter handle on Thursday.

However, the president did not substantiate his accusation with evidence, and did not suggest any actions he would take.

Trump has attacked Amazon and its Chief Executive Jeff Bezos several times, and his latest comment came a day after reports he was obsessed with the world’s largest online retailer and wanted to rein in its growing power, possibly with federal antitrust or competition laws.

“I have stated my concerns with Amazon long before the Election. Unlike others, they pay little or no taxes to state & local governments, use our Postal System as their Delivery Boy (causing tremendous loss to the US), and are putting many thousands of retailers out of business!” Trump tweeted early on Thursday.

Amazon shares fell as much as 4.5 percent in morning trade, but recovered and closed up just over 1 percent. The stock dropped 5 percent on Wednesday following the reports.

Amazon is yet to comment on the tweet.

The retailer and cloud computing pioneer is the latest company Trump has singled out for praise or condemnation

 

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