Trump’s latest jab at Amazon: It’s further bringing down USPS

Trump’s latest jab at Amazon: It’s further bringing down USPS

US President Donald Trump in a tweet on Friday revived his beef with Amazon. Trump basically said that Amazon’s ship rates with The US Postal Service are making the federal agency “dumber and poorer” while Amazon continues to benefit more.

“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? Should be charging MUCH MORE!” he wrote in the tweet Friday morning.

Trump is further escalating his beef with Amazon. He’s previously criticized Amazon for not paying “internet taxes” and “harming other retailers.”

The USPS is a federal government agency that doesn’t receive any tax dollars. Instead, it relies on the sale of postage, products and service to fund operations, and has been running at a loss for many years now. In the last fiscal year that ended in September, the USPS posted a $2.7 billion net loss, which is slightly narrowing from the $2.8 billion loss a year earlier. Amazon on the other hand reported a $1.176 billion profit in the nine months that ended in September.

Hamza Khalid

Hamza Khalid is the Lead Editor at The Jolt Journal. You're more than welcome to follow him on Twitter and follow The Jolt Journal on Twitter and Facebook. If you have any questions, concerns, or need to report something in this article, please send our team an email at [email protected]. This story may be updated at any time if new information surfaces.

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