{"id":3413,"date":"2018-04-03T11:28:39","date_gmt":"2018-04-03T15:28:39","guid":{"rendered":"http:\/\/lifeinsurance-orleans.ca\/Life-Insurance-Blog\/?guid=0b3abb7192c3f5cf32a6773099f1adab"},"modified":"2018-04-03T11:28:39","modified_gmt":"2018-04-03T15:28:39","slug":"trump-blasts-amazon-again-over-u-s-postal-service-deal-he-says-costs-massive-amounts-of-money","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2018\/04\/03\/trump-blasts-amazon-again-over-u-s-postal-service-deal-he-says-costs-massive-amounts-of-money\/","title":{"rendered":"Trump blasts Amazon again over U.S. postal service deal he says costs \u2018massive amounts of money\u2019"},"content":{"rendered":"<p>President Donald Trump continued his campaign against Amazon.com Inc. on Tuesday, again claiming the company is costing tax payers billions of dollars through a special deal with the U.S. Postal Service.<\/p>\n<p>Amazon pared gains Tuesday after Trump&#8217;s latest tweet. The stock fell more than 5 per cent Monday after Trump and a Republican senator took aim at the Seattle-based company.<\/p>\n<p>&#8220;I am right about Amazon costing the United States Post Office massive amounts of money for being their Delivery Boy,&#8221; Trump said on Twitter. &#8220;Amazon should pay these costs (plus) and not have them bourne by the American Taxpayer. Many billions of dollars. P.O. leaders don&#8217;t have a clue (or do they?)!&#8221;<\/p>\n<p>There&#8217;s no evidence that the president is correct. While its contract with Amazon is confidential, the Postal Service has argued that its e-commerce services benefit the organization and its mail customers. It is legally prohibited from charging shippers less than its delivery costs.<\/p>\n<ul class=\"related_links\">\n<li><a href=\"http:\/\/business.financialpost.com\/opinion\/terence-corcoran-trump-joins-the-anti-capitalist-crusaders-out-to-ruin-the-internet\">Terence Corcoran: Trump joins the anti-capitalist crusaders out to ruin the internet<\/a><\/li>\n<li><a href=\"http:\/\/business.financialpost.com\/investing\/update-2-amazon-shares-fall-4-pct-as-trump-renews-attack\">Amazon is getting hammered today after Trump takes to Twitter to renew his attack<\/a><\/li>\n<li><a href=\"http:\/\/business.financialpost.com\/investing\/amazon-replaces-facebook-as-faangs-biggest-punching-bag-1\">Amazon replaces Facebook as FAANG\u2019s biggest punching bag, losing $53 billion in one day<\/a><\/li>\n<\/ul>\n<p>Trump has been unrelenting in his criticism of Amazon in the past several days, on subjects from the Postal Service to taxes and retailing. In a pair of Twitter messages Saturday, Trump said Amazon &#8220;must pay real costs (and taxes) now!&#8221;<\/p>\n<p>Amazon regularly uses the USPS to complete what&#8217;s called the &#8220;last mile&#8221; of delivery, with letter carriers dropping off packages at some 150 million residences and businesses daily. It has a network of more than 20 &#8220;sort centres&#8221; where customer packages are sorted by zip code, stacked on pallets and delivered to post offices for the final leg of delivery.<\/p>\n<p>David Vernon, an analyst at Bernstein Research who tracks the shipping industry, estimated in 2015 that the USPS handled 40 per cent of Amazon&#8217;s volume the previous year. He estimated at the time that Amazon pays the postal service US$2 per package, which is about half what it would pay publicly traded United Parcel Service Inc. and FedEx Corp.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/\"><em>Bloomberg.com<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amazon pared gains after Trump&#8217;s latest tweet, for which there is no evidence that the president is correct<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/3413"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=3413"}],"version-history":[{"count":1,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/3413\/revisions"}],"predecessor-version":[{"id":3414,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/3413\/revisions\/3414"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=3413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=3413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=3413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}