Trump Hits Bezos: ‘Amazon Doing Great Damage to Tax-Paying Retailers’

President takes aim at CIA-linked monopoly

 

Trump’s comment hardly conveys new information, and underscores what Dick’s CEO Ed Stack said yesterday during his striking conference call in which he said the retail industry is in “panic mode”, liquidating inventory to keep market share, and hit by a “perfect storm” in which Amazon is a key culprit:  “Dick’s is another example of Amazon becoming the new middleman… Here we go down the gross margin rabbit hole just in time for the holidays.”

The question, of course, is whether the tweet is indicative of another policy shift by the Trump administration, one in which the president will focus on the giant online retailer as a potential monopoly and bring up anti-trust considerations, potentially sparking fears of a government mandated break up. Of course, Trump’s tweet may have simply been prompted by something he read in the Bezos-owned WaPo this morning, resulting in the angry tweet.

Indicatively, last week Defense Secretary James Mattis visited Amazon’s HQ in Seattle, where CEO Jeff Bezos posted a photo of him showing Mattis around the headquarters.

One response to “Trump Hits Bezos: ‘Amazon Doing Great Damage to Tax-Paying Retailers’

  1. He is saying that by ducking taxes and using the Internet Bozo is getting an unfair advantage.

    Brick and mortar retail merchants and banking began losing ground years ago.
    When you drive through the country you see the vestiges of mom and pops which failed decades ago.

    Like

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