Trump Tears Into Amazon, Urging Much More in Postal Fees

Trump Tears Into Amazon, Urging Much More in Postal Fees

American president Donald Trump said the U.S. Postal Service should charge Amazon more to deliver packages, the latest in a series of public criticisms of the online retailer and its billionaire founder, according to Bloomberg.

The post office “should be charging MUCH MORE“ for package delivery, the president tweeted. “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?“ Trump told his 45 million followers.

Trump regularly criticizes Amazon and its CEO Jeff Bezos, who also owns the Washington Post newspaper and is currently the world’s richest man. In August, Trump accused the company of causing “great damage to tax paying retailers,“ even though the internet giant began collecting sales tax on products it sells directly in April.

A sudden increase in postal service rates would cost Amazon about $2.6 billion a year, according to an April report by Citigroup. That report predicted  UPS Inc. and FedEx would also raise rates in response to a postal service hike. Amazon didn’t respond to requests for comment.