President Trump took out some frustrations on Amazon today. In an early morning tweet he bashed the company for what he views as shady practices.
“Amazon is doing great damage to tax paying retailers. Towns, cities, and states throughout the U.S. are being hurt – many jobs being lost!” Trump tweeted.
Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout the U.S. are being hurt – many jobs being lost!
— Donald J. Trump (@realDonaldTrump) August 16, 2017
And the stock market is responding, and it’s bad news for Amazon:
“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.
At around 10 a.m. Wednesday, the shares fell to $973.78, though they began to recover after that.”
Amazon’s CEO is Jeff Bezos. He also owns the Washington Post, which is a constant source of frustration for President Trump. He often calls them out as ‘fake news’ and ridicules them for shoddy reporting. Trump has said they are the “Amazin Washington Post” and claims they are using their paper as a “lobbyist weapon.”
But if the president really wants to go after Amazon, he has a lot of weapons in the federal government to do so. And that would start with the IRS.