Donald Trump Drags Amazon On Twitter Following A Loss In Market Value

Donald Trump Drags Amazon On Twitter Following A Loss In Market Value

On Thursday, Trump tweeted that he's "stated my concerns with Amazon long before the election"-appearing to confirm reports by news site Axios that the president was "obsessed" with Amazon, and was seeking to use antitrust laws against the company". It has also won his company the admiration of American voters, and nothing the president has tweeted has been able to change it. President Trump has had some successes this year. Vetr raised shares of Amazon.com from a "hold" rating to a "buy" rating and set a $1,655.33 target price on the stock in a report on Thursday, March 15th.

Amazon played a major role in two of Trump's biggest accomplishments - the stock market rally and the white hot United States jobs market.

Indeed, local communities in Canada and the USA - including Toronto - are "falling over themselves", as De Silva put it, to woo Amazon to move its new headquarters to their city "because of the jobs and the economic impact" it would bring. In January, it winnowed the list of possible locations down to 20 metropolitan areas. And Amazon signed a deal in 2014 with the post office to deliver packages on Sundays.

Amazon has in the past been criticized for attempting to skirt state sales taxes, but since April a year ago it has voluntarily collected state sales tax on items it sells direct to customers in all 45 states that have one.

Some states have already implemented laws to specifically address the tax issue when it comes to third-party sellers.

That issue was the cause of some of Mr Trump's ire, White House Council of Economic Advisers Chairman Kevin Hassett told Fox Business Network. Amazon collects sales tax in 45 states and the nation's capital district.

It's a loophole that doesn't impact Texas, but could put cities in those seven states at a bigger loss if the Supreme Court rules that online sales taxes can be levied across the board, without a physical presence test. Apart from nationwide goods deliveries, Amazon's services include video streaming, a digital home assistant known as Alexa, and an online payments program.

It was not clear what Trump's comments were based on.

And it's not just centered on retail: Trump has also targeted Bezos' ownership of The Washington Post, one of several news outlets he has accused of being unfair to the current White House administration.

White House spokeswoman Sarah Sanders said Wednesday no specific policies were now being considered in regards to Amazon.

"We have no announcements and no specific policies or actions that we are now pushing forward or considering taking", she said, adding "the president has said many times before he's always looking to create a level playing field for all businesses, and this is no different".

"He's always going to look at different ways, but there aren't any specific policies on the table at this time".