Trump says U.S. 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 repeated 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 at least temporarily shifted Amazon shares from positive to negative. The company’s stock was 1% lower at $1,173 a share in afternoon trading.

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

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