Here’s Why Trump Went Postal on Amazon

By artappraiser on Fri, 03/30/2018 - 5:36pm |

By Mark Milian @ Bloomberg.com, March 30

Including graphs showing the sustainability problem and how shipping revenue overtook junk mail for the first time last year.

[....] Ending the U.S. mail relationship would probably be a bigger setback for Amazon than for the Postal Service.[.....]

So the e-commerce giant got the Postal Service off life support, but any benefit beyond that is minimal. Nothing short of a complete overhaul of the mail system, some kind of bankruptcy-style financial restructuring or reneging on those health-care promises would turn the Postal Service into a sustainable business.

Maybe that’s Trump’s goal. Building an antitrust case against Amazon—an idea the President has floated—is a tall order. Amazon’s five-year contract with the Postal Service could be up for renewal this year. Breaking up that relationship would be an easier way for Trump to inflict pain on the #AmazonWashingtonPost, as he calls it.

URL:

https://www.bloomberg.com/news/articles/2018-03-30/here-s-why-trump-went-postal-on-amazon

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Amazon Severs Ties With Top Lobbying Firms in Washington

By Ben Brody, Spencer Soper and Jennifer Jacobs @ Bloomberg.com, March 30

Akin Gump and Patton Boggs said to have been fired last week
New Amazon hires in Washington include Brathwaite and Holly

Amazon.com Inc. cut ties with Washington’s biggest lobbying firm and brought on new advisers following passage of the tax overhaul bill last year and in the face of new challenges in the age of President Donald Trump.

The shakeup occurred last Friday, a week before Trump briefly sent Amazon’s stock tumbling with a Twitter attack on the world’s largest online retailer. Trump charged that Amazon doesn’t pay enough in state and local sales taxes, hurts retailers and gets an unfair edge on the back of the U.S. Postal Service [....]

by artappraiser on Fri, 03/30/2018 - 5:42pm

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