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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAmazon tumbles on report Trump wants to go after company
Shares of Amazon are under pressure, down 5.68% Wednesday morning, following a report President Donald Trump is eyeing legal means to go after the e-commerce behemoth.
Axios' Jonathan Swan says Trump believes Amazon is making life difficult for smaller, locally-owned retailers and wants to find a way to slow down its dominance in online retail. Amazon has repeatedly showed an ability to disrupt entire sectors with corporate announcements.
While Trump has not yet decided on any measures, he is considering changing Amazon's tax status or taking the route of antitrust action, Swan's report said.
This isn't the first time Trump has set his sights on the retailer.
"Amazon is doing great damage to tax paying retailers," Trump tweeted in August. "Towns, cities and states throughout the U.S. are being hurt - many jobs being lost!"
https://www.msn.com/en-us/money/topstocks/amazon-tumbles-on-report-trump-wants-to-go-after-company/ar-BBKPerY?li=BBnb7Kz
After saving the coal industry I guess Drumpf wants to save the shopping malls.
eleny
(46,166 posts)Kirk Lover
(3,608 posts)blake2012
(1,294 posts)They will not have a reliable way to go after Amazon. Nothing legal anyway.
BeeBee
(1,074 posts)he just wants to go after Bezos.
HipChick
(25,485 posts)once you go Prime you never go back...