On May 19, according to the Washington Post, citing three informed sources, US President Donald Trump has directly pressured the U.S. Postal Command to double its freight rate for e-commerce giant Amazon, which is another company.
The Washington Post said that the U.S. president personally urged US Postal CEO Megan Brennan to make this decision, which is likely to cause Amazon to face billions of dollars in additional losses.
Brennan was the first female executive to serve as CEO of the United States Post, and she was reported to have responded to Trump's request. Brennan said that Amazon's freight agreement standards are still in effect, and maintaining current freight rates is also good for the US Postal Service.
However, according to reports, Trump disagreed with Brennan's response. As early as last year's several meetings, there had been related discussions, and earlier this year, Trump sent Twitter and other Amazon postage fees on Twitter. The agreement was attacked.
Last month, Trump specifically signed an executive order, set up a special task force to audit the financial status of the United States Post, and proposed reforms. Although there is no direct mention of Amazon in this order, it is clear that Trump’s goal is to target this e-commerce giant.
In a statement, Trump Press Secretary Sarah Huckabee Sanders stated: "We are thoroughly investigating how the US Postal Service operates, but for the time being there are no specific requirements. ”
Both Amazon and U.S. Post have not responded to this.
For months, Trump has been conducting an "attack" against Amazon and CEO Jeff Bezos, who is also the owner of the Washington Post. Trump previously stated that Amazon has been evading taxes and failing to pay third-party sales taxes to the states.
Amazon has always been paying sales tax on goods sold directly to users, but due to its implementation of different levels of sales tax policies to third-party suppliers, it faces pressure from all states. Amazon currently offers an optional sales tax service for third-party sellers, which imposes a 2.9% charge based on sales tax rules. To a certain extent, existing third-party sellers have purchased Amazon's sales tax service, which will benefit Amazon.
South Carolina and Washington are currently promoting taxation of online sales, and Amazon has so far complied with state requirements.
On more than one occasion, Trump has called for the collection of "Internet taxes," and Amazon's undisguised "attack." In January of this year, he said on Twitter that the levy on internet retailers is imperative because it is unfair to retail stores across the country.
"Amazon" has caused tremendous damage to normal tax-paying retailers. Cities, cities, and states across the United States have been harmed. Domestic retailers who have paid enough tax are closing stores across the country, resulting in the loss of many jobs. This is not a fair competitive environment. "Trump has said.
After the release of this report, Amazon's stock price oscillated significantly, hitting an intraday low of 1572.1 US dollars and then rebounded to 1,574 U.S. dollars. Since entering 2018, Amazon's stock price has risen by 30%, and is currently about 4% below its historical high.