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Amazon plunges 4 percent amid criticism from Trump

02 April 2018

Shares in the tech giant fell by more than 4% on Thursday after Mr Trump set out the gripes in a tweet though they later recovered to end 1% higher after the White House said "no actions" were now planned against the company despite the concerns.

"And as a result, companies like Amazon can buy and sell good without having to pay basic retail taxes that your stores and your convenience stores and all the folks around, when you walk out of the studio over there and grab something, you have to pay". He has accused the company of not paying enough taxes before, and in December tweeted that the US Postal Service should charge Amazon more for delivering packages.

Read Friday's Arkansas Democrat-Gazette for full details.

"It's about The Washington Post and how he doesn't feel they've been favourable to him", she said.

Seattle-based Amazon has fought for years against collecting sales tax, but now collects it in states that have a sales tax. Post says the U.S. could pressure Amazon several ways, including: making all third-party sellers collect sales tax, regulating Amazon's third-party seller commission structure, and even raising U.S. Postal Service shipping fees. Amazon shares dropped sharply after the Axios report.

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I think that is going to be something that people are going to pay more attention to, particularly as the show finds success". The next season of " Roseanne ", which will be shown as part of ABC's 2018-19 lineup, is planned at 13 episodes.

It's no secret that Trump hates Amazon.

Amazon says that it actually helps small companies succeed in the hard retail climate.

Amazon shares fell as much as 4.5 percent in morning trade, but recovered and closed up just over 1 percent. A ruling in South Dakota's favour could begin to redress the advantages retailers like Amazon have over bricks-and-mortar businesses.

A spokesman for the U.S. Postal Service declined to comment.

White House spokesperson Sarah Sanders denied the report and said there aren't any specific policies on the table at this time. "We think, for the most part, that it would be hard for the current administration to materially change the landscape for Amazon".

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This isn't the first time Trump has publicly criticized Amazon.

"Walmart was crushing the little guys before Amazon, and more of Amazon's growth is coming from the Walmarts of the world", Kerner said.

At least part of the feud between Trump and Amazon could stem from Amazon's founder, Jeff Bezos, who owns the Washington Post, a frequent target of the president's angst on Twitter.

Amazon founder Bezos also privately owns the Washington Post, which won a Pulitzer Prize past year for its investigation of Trump's donations to charities.

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Amazon plunges 4 percent amid criticism from Trump