FOLLOW US

Business March 31, 2018 3 mins read

Pres. Trump Accuses Amazon of Scamming U.S. Post Office

Business ı By Marivic Cabural Summers

0 Comments

Amazon Prime shipping

President Donald Trump accused Amazon of scamming the United States Postal Service (USPS) over shipping costs on Saturday.

This is the second time in three days the President slammed the e-commerce giant on Twitter.

In his latest tweet, Trump claimed that USPS will lose an average of $1.50 per package it delivers for Amazon. He believed that the post office is losing billions of dollars.

In addition, the President estimated that Amazon’s shipping cost will increase by $2.6 billion if USPS will raise its parcel rates. He said the “scam must stop” and the e-commerce giant “must pay real costs (and taxes) now!”

Last year, a Citigroup analysis indicated that Amazon is receiving a subsidy of $1.46 per package from USPS. However, the company argued that Postal Regulatory Commission consistently found that its contracts profitable for the post office.

Additionally, Amazon pointed out that it “invested hundreds of millions of dollars…directly into the USPS last mile network. This investment resulted in more efficient processes as well as thousands of jobs and related economic benefits in local communities.”

Trump wants to go after Amazon over taxes

On Wednesday, Axios reported that Trump is obsessed with Amazon and he wants to go after it due to its tax treatment. He also believed that the e-commerce giant is hurting brick-and-mortar retailers and shopping malls. He is wondering if the government could the use the antitrust or competition law against the company.

Amazon’s stock price declined more than 4% on Wednesday. The e-commerce giant lost more than $30 billion in stock value that day.

On Thursday, Trump confirmed the media outlet’s report. In a tweet, he emphasized that he had concerns with Amazon long before the election. He noted that the e-commerce giant is paying “little or no taxes to state and local governments.” He also claimed that it is “putting many thousands of retailers out of business.”

Over the past five trading days, Amazon’s stock price dropped 6%. Before the Axios report, AMZN shares traded as much as $1,574.26 each. On Thursday, the stock closed at $1,447.34 per share.

The U.S. stock markets are closed on Friday to observe Good Friday, a Christian holiday commemorating the crucifixion and death of Jesus Christ.

Previous Article

Texas Woman Gets Half A Decade in Prison For Unlawful Voting

Read More
2032 Posts

Marivic Cabural Summers

Marivic has been a freelance writer/journalist for nearly 20 years. She strictly adheres to the ethical standards in journalism. For her, integrity is everything. Readers deserve to know that real story. She previously worked as research analyst and editor at Lombardi Financial and has written for various websites including The Motley Fool, ValueWalk, IcannWiki and was a news writer/radio program producer at Nation Broadcasting Corporation. Marivic holds a BA in Mass Communications.

Discussion

No comments yet. Be the first to join the discussion!

Don’t Miss It
America September 16, 2026
CLARITY Act Stalls In Senate As Crypto Ethics Fight Deepens
By – Samuel Lopez
America September 15, 2026
NFP Acquires Minnesota’s Moores in Strategic Insurance Expansion
By – Tyler Brooks
America September 15, 2026
Adidas $5M Call Center Breach Sparks Insurance Fight Over Coverage
By – Tyler Brooks
America September 15, 2026
Oracle 6 AM Layoff Email Blindsides Workers Amid AI Spending Surge
By – Rihem Akkouche
America September 15, 2026
Crypto Bill Failed to Clear Senate in Blow to Digital Asset Industry
By – Rihem Akkouche
America September 15, 2026
Grab Holdings to Buy 60% of Atome in $1.49 Billion Fintech Power Play
By – Rihem Akkouche
America September 15, 2026
Electra Therapeutics’ $325M IPO Bets Big on Precision Immune Therapy
By – Rihem Akkouche
America September 15, 2026
Robinhood Engineers Crypto-Futures Insider Charges Reveal…

Some information is meant to sit locked in a company’s…

By – Rihem Akkouche
America September 15, 2026
State Farm Sends Cash Back to…

Key Takeaways State Farm Mutual is distributing a record $5…

By – Samuel Lopez
America September 15, 2026
Why the Pentagon’s Space Weapons Admission…

Key Takeaways The Outer Space Treaty bans nuclear weapons and…

By – Samuel Lopez
America September 15, 2026
Massachusetts AG Joins 21-State Coalition Suing…

Key Takeaways Massachusetts Attorney General Andrea Campbell has joined attorneys…

By – Samuel Lopez
America September 15, 2026
Baldwin Insurance Group Goes Private in…

Key Takeaways Baldwin Insurance Group shares surged nearly 8% after…

By – Samuel Lopez
America September 15, 2026
Pentagon Breaks Decades of Silence, Confirms…

Key Takeaways Air Force Secretary Troy Meink has confirmed, for…

By – Samuel Lopez
America September 15, 2026
Pentagon Breaks Decades of Silence, Confirms…

Key Takeaways Air Force Secretary Troy Meink has confirmed, for…

By – Samuel Lopez
America September 14, 2026
NASA Responds to Presidential Directive, Targeting…

Key Takeaways NASA is moving quickly to design a new…

By – Samuel Lopez
America September 14, 2026
ESA Scientists Can Now Predict Where…

Key Takeaways ESA’s NEO Coordination Centre has built a new…

By – Samuel Lopez
America September 14, 2026
IRS Micro Captive Rules Face Sixth…

Some legal battles don’t end with a single ruling —…

By – Rihem Akkouche
America September 14, 2026
EPA Planet Warming Limits Removal Sparks…

Regulations built over years can sometimes be dismantled in a…

By – Tyler Brooks
America September 14, 2026
Thryv to Sell Print Directories, Betting…

Every company reaches a fork in the road where its…

By – Tyler Brooks
And More September 14, 2026
Sydney Sweeney and Scooter Braun Celebrate…

Sydney Sweeney celebrated her 29th birthday with a public declaration…

By – Jackie Allen
America September 13, 2026
AI Whistleblowers:  Warnings  Coming From Inside…

AI Whistleblowers are increasingly sounding the alarm about the speed…

By – Jackie Allen
America September 13, 2026
Serena Williams’ Daughters Make History as…

Serena Williams has built one of the most decorated careers…

By – Jackie Allen
America September 13, 2026
KJ Biermann Faces Seven Felony Charges…

KJ Biermann, the 15-year-old son of “Real Housewives of Atlanta”…

By – Jackie Allen
America September 13, 2026
Team USA Reaches Women’s Basketball World…

BERLIN — Team USA advanced to the FIBA Women’s Basketball…

By – Jackie Allen
America September 13, 2026
In-House Attorneys’ Group Takes Rival to…

Key Takeaways The Association of Corporate Counsel has filed suit…

By – Samuel Lopez
America September 14, 2026
TMZ Ties Itself to the Hayden…

Key Takeaways TMZ is reporting that law enforcement sources believe…

By – Samuel Lopez
America September 13, 2026
Lawyers Clash Over 12.5% Cut of…

Key Takeaways Class attorneys behind the $2.8 billion Blue Cross…

By – Samuel Lopez
America September 13, 2026
New Mexico Lawyer Fined $5,000 After…

Key Takeaways A New Mexico defense attorney was held in…

By – Samuel Lopez
America September 13, 2026
China Expands Legal Reach Abroad as…

3 Key Takeaways China is expanding laws that can reach…

By – Samuel Lopez
America September 13, 2026
Bayer’s $7.25 Billion Roundup Settlement Faces…

Key Takeaways Bayer’s Monsanto unit will ask a Missouri judge…

By – Samuel Lopez
America September 13, 2026
Tylenol Maker and Pharmacy Chains Ask…

By Samuel López | USA Herald Tylenol maker Kenvue and…

By – Samuel Lopez
America September 13, 2026
Tylenol Maker and Pharmacy Chains Ask…

By Samuel López | USA Herald Tylenol maker Kenvue and…

By – Samuel Lopez
America September 13, 2026
Lawyers Are Getting Burned by AI…

Key Takeaways Courts across the country have been sanctioning lawyers…

By – Samuel Lopez
America September 10, 2026
41% of Lawyers Say Legal Careers…

Key Takeaways More than 41% of surveyed lawyers say the…

By – Samuel Lopez
America September 10, 2026
Anthropic Says It Caught Scientists Trying…

Key Takeaways Anthropic’s newest threat intelligence report details five case…

By – Samuel Lopez
America September 10, 2026
Wrongful Death Lawsuit Against Energy Drink…

Key takeaways The latest reported order paused the family’s lawsuit…

By – Samuel Lopez
America September 9, 2026
Ambient AI Could Be the Next…

Key Takeaways Ambient AI can turn conversations into draft records,…

By – Samuel Lopez
America September 11, 2026
Bears and RB Swift $33.75M Extension…

Sometimes the best deals get done before the clock even…

By – Tyler Brooks
America September 11, 2026
Skywatchers: Moonshadow Creates Dramatic Blood Moon…

A Moonshadow transformed the night sky Aug. 27 as the…

By – Jackie Allen
America September 6, 2026
Travis Kelce-Backed Club Car Wash Faces…

By Samuel López | USA Herald A fast-growing car wash…

By – Samuel Lopez
America September 6, 2026
‘DWTS’ Gleb Savchenko Lists $1.4 Million…

By Samuel López | USA Herald Factual Background Gleb Savchenko…

By – Samuel Lopez
America September 4, 2026
Trump Calls Tiger Woods DUI Plea…

In This Report Tiger Woods accepted reduced charges and surrendered…

By – Samuel Lopez
America September 2, 2026
Clippers Fined $30M as NBA Drops…

A year-long investigation just landed on the Los Angeles Clippers…

By – Rihem Akkouche

No posts found.

No posts found.

Signup for the USA Herald
exclusive Newsletter