Report: President Trump is Fixated with Amazon – Wants to Change Its Tax Treatment
According to reports President Trump is “obsessing” over Amazon and wants to “go after” the tech giant.
Business and real estate leaders tell Trump that Amazon is ruining their businesses.
And, of course, President Trump is not a fan of Jeff Bezos’s mouthpiece the Trump-hating Washington Post.
President Donald Trump is not a fan of Amazon.
Axios is reporting that Trump wants to “go after” the e-commerce giant, citing five sources who have talked about Amazon with him.
“He’s obsessed with Amazon,” one source told the media outlet. “Obsessed.”
Trump has discussed altering the company’s tax treatment because several of his friends told him Amazon is hurting their businesses and “killing shopping malls and brick-and-mortar retailers,” according to Axios.
Amazon shares fell 5.7 percent Wednesday after the report.
Trump has blasted Amazon on social media in the past, saying the e-commerce company is hurting the retail industry and causing U.S. job losses.
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
Axios reported on President Trump fixation with Amazon.
What we’re hearing: Trump has talked about changing Amazon’s tax treatment because he’s worried about mom-and-pop retailers being put out of business.