Wall Street Is Unfazed by Trump’s Disdain of Bezos and Amazon
- Pursuing Amazon won’t be popular among consumers, analysts say
- Trump could hassle Amazon with increased USPS shipping fees
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President Donald Trump has taken aim and is at the other end of the barrel. But Wall Street is much less concerned with Trump’s claims, though analysts acknowledge that the President’s attention presents a near-term headline risk. Amazon briefly fell 4.6 percent in the first half hour of trading before rallying to snap a two-day skid.
“I have stated my concerns with Amazon long before the Election,” Trump said on Twitter Thursday morning. “Unlike others, they pay little or no taxes to state & local governments, use our Postal System as their Delivery Boy (causing tremendous loss to the U.S.), and are putting many thousands of retailers out of business!”