From Jim Rickards, Editor, the Daily Reckoning:
President Trump has ratcheted up his war of words against Amazon.
Late last week, Trump tweeted that Amazon is having a negative impact on competing retailers, as well as the federal and local governments:
I have stated my concerns with Amazon long before the Election. Unlike others, they pay little or no taxes to state & local governments, use our Postal System as their Delivery Boy (causing tremendous loss to the U.S.) and are putting many thousands of retailers out of business!… This Post Office scam must stop. Amazon must pay real costs (and taxes) now!
Then there was this morning’s tweet:
Only fools, or worse, are saying that our money losing Post Office makes money with Amazon. THEY LOSE A FORTUNE, and this will be changed. Also, our fully tax paying retailers are closing stores all over the country… not a level