Amazon’s Value Undergoes A Sharp Drop Due To Trump’s Obsession

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Amazon, the online shopping store of our happiness, has reached among one of the highest peaks of achievements with its founder Jeff Bezos. We may be buying things from amazon still now but do we know the problems that the company is facing now? Yup, by the term PROBLEM, it’s not referred to quality or any trust problems. It’s about what the company is going through in the stream of US politics.

It’s no secret that Donald Trump has little love for Jeff Bezos, but a report from Axios claims this animosity goes beyond mere dislike. The president is said to be “obsessed with Amazon,” who he believes has gotten unfair tax benefits and preferential treatment from the US Postal Service. Donald Trump has also started to inject the conditions of imposing fine and paying off higher taxes on courier companies if the deliver forAmazon.  However, reports do not seem to support the President’s statement. The Postal Regulatory Commission, which oversees the industry, indicates USPS actually benefits from serving Amazon’s deliveries, making a profit on them, and that Amazon does not receive special treatment beyond paying a lower rate as other bulk customers would.   In the past, Trump has voiced his distaste with Jeff Bezos, Amazon, and the Washington Post, both of which Bezos owns. Thursday morning Trump expressed that his disdain for Amazon, which he believes is killing shopping malls and mom-and-pop shops, precedes the presidency. Trump is recently engaged in washing the opportunities of Amazon in the US. As a result, Amazon has to face an erosion of $53million in the market.

According to Axios, Trump wants to change Amazon’s tax treatment over fears that mom-and-pop retailers could be put out of business. One of Axios’ sources who has spoken to the president said: “He’s wondered aloud if there may be any way to go after Amazon with antitrust or competition law.” According to Axios, Trump has said that he doesn’t care how the network handles data (After the Cambridge Analytica scam has made Facebook vulnerable, which has cost Amazon a loss in its slump too). 

The White House press secretary Sarah Sanders stated that Trump administration has never pointed at any changes to Amazon’s policies. “The president has said many times before he’s always looking to create a level playing field for all businesses and this is no different and he’s going to always look at different ways, but there aren’t any specific policies on the table at this time,” Sanders added.

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Navoniloy Bhaumik

An optimistic Football lover with a monstrous urge to know the unknown!
Working to make people enthusiastic about more knowledge and amazing facts

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