Trump says he’ll check out Amazon

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US President Donald Trump has escalated his criticism of Amazon and CEO Jeff Bezos, saying the White House will take a “serious look” at addressing what he sees as an uneven playing field between the e-commerce giant and its competitors.
“Amazon is just not on an even playing field,” President Trump told a press pack assembled on Air Force One in the US yesterday.
“I’m going to study it and we’re going to take a look. We’re going to take a very serious look at [levelling the playing field].
“It’s very important for me, it’s got to be an even playing field for everybody.”
The comments are just the latest in a myriad of criticisms levied at Amazon and Bezos in recent weeks by the President, who has also criticised the business for its impact on the US postal service and not paying adequate sales tax.
“What they have is a very uneven playing field, you look at the sales tax situation — which is going to be taken up, I guess, very soon — it’s going to be a decision by the Supreme Court, so we’ll see what happens,” the President said yesterday.
Amazon charges sales tax in a variety of US states with applicable regulation, but this does not apply to third party sellers on its platform.
Amazon’s share price sank more than 5 per cent last week on reports that Trump was looking to target the company with tax reforms, but aides have reportedly since clarified that no such plans are in motion. Trump has also argued that Amazon receives favourable rates with the US Postal Service and is weighing it down with the volume of its deliveries, although the e-commerce giant accounted for more than a third of the postal service’s US$19.5 billion in revenue last year.
Questions & Answers
Q.What are President Trump's main criticisms regarding Amazon's business practices?
What are President Trump's main criticisms regarding Amazon's business practices?
President Trump has criticised Amazon for not operating on an even playing field, specifically mentioning its impact on the US postal service and its sales tax situation. He believes the company receives favourable rates and doesn't pay adequate sales tax.
Q.How has the President previously attacked Amazon, aside from his latest comments?
How has the President previously attacked Amazon, aside from his latest comments?
The President has previously criticised Amazon for its negative impact on the US postal service and for not paying adequate sales tax. He also suggested the company receives favourable rates for its deliveries through the postal service.
Q.What was the immediate financial impact on Amazon following reports of President Trump's scrutiny?
What was the immediate financial impact on Amazon following reports of President Trump's scrutiny?
Amazon's share price dropped by over 5 per cent last week. This occurred after reports circulated that President Trump was considering targeting the company with tax reforms, although aides have since clarified that no such plans are currently in motion.
Q.Does Amazon currently charge sales tax across all its operations?
Does Amazon currently charge sales tax across all its operations?
Amazon charges sales tax in various US states where applicable regulation exists. However, this does not extend to third-party sellers operating on its platform, which is a point of contention mentioned by the President.