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Axios reports that at a time when much of America’s governmental apparatus is focused on Facebook, it appears that President Donald Trump is preoccupied with another technology giant.


According to the story - which the White House has dismissed as inaccurate - “Trump has talked about changing Amazon’s tax treatment because he’s worried about mom-and-pop retailers being put out of business.” One source says that Trump has “wondered aloud if there may be any way to go after Amazon with antitrust or competition law.”

Axios writes that “Trump’s deep-seated antipathy toward Amazon surfaces when discussing tax policy and antitrust cases. The president would love to clip CEO Jeff Bezos’ wings. But he doesn’t have a plan to make that happen.

“Behind the president's thinking: Trump's wealthy friends tell him Amazon is destroying their businesses. His real estate buddies tell him — and he agrees — that Amazon is killing shopping malls and brick-and-mortar retailers.” And, “Trump tells people Amazon has gotten a free ride from taxpayers and cushy treatment from the U.S. Postal Service.”

And, of course, there is the fact that Bezos owns the Washington Post, which has been aggressive in its reporting about the Trump administration.

Discussion of the Axios story caused Amazon’s stock to drop more than four percent yesterday, and now is a relative bargain at more than $1400 a share.
KC's View:
This isn’t entirely new. Trump has brought up the post office thing before, arguing that the USPS needs to charge Amazon more … which ignores the simple fact that Amazon has helped to make the post office relevant again, to the degree that it has even had to add Sunday deliveries. Plus, I’m pretty sure that the post office can't increase rates for one company. At least, not in this country.

I also would guess that it would be hard to get Amazon on antitrust grounds, since, while it has a large percentage of the e-commerce business, there is a lot of competition out there in almost every category in which it finds itself.

I actually think that rather than picking on Amazon, Trump would be better off going on Amazon and doing a little shopping. Maybe he could find a better price for a wall, and get two-day delivery. Or, he could shop for a new legal team.