Trump says Postal Service should charge Amazon 'much more' for shipping



Amazon and other retailers took Wall Street to new highs on Cyber Monday on an expected surge in online sales. Fred Katayama reports.
Video provided by Reuters

President Trump ramped up his criticism of Amazon Friday, tweeting that the e-commerce giant should be socked with sharply higher shipping charges by the U.S. Postal Service.

“Why is the United States Post Office, which is losing many billions of dollars a year, while charging Amazon and others so little to deliver their packages, making Amazon richer and the Post Office dumber and poorer? Should be charging MUCH MORE!” Trump said in the early-morning tweet during a Christmas season vacation at his Mar-a-Lago estate in Florida.

The tweet is the latest in a series of critical tweets that Trump has directed at Amazon, whose founder and CEO, Jeff Bezos, also owns The Washington Post — the national news organization that has broken many news stories that spotlighted shortcomings involving the president and his White House administration.

For instance, Trump in July tweeted that the “Amazon Washington Post” fabricated information about his decision to end U.S. payments to rebels fighting the forces of Syrian President Bashar Assad.

That same day, Trump similarly tweeted many Washington Post news stories about him were “fake news.”

Trump’s new tweet on Friday at least temporarily shifted Amazon shares from positive to negative. The company’s stock finished the day 1.4% lower at $1,169.47 a share but ended up more than 55% for the year.

Representatives of Amazon and the postal service did not immediately respond to emails seeking comment.

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