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Trump threatens to block aid for U.S. Postal Service if it does not raise prices for Amazon [Reuters]

Amazon.com, Inc. (AMZN) 
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
Company Research Source: Reuters
Trump threatens to block aid for U.S. Postal Service if it does not raise prices for Amazon WASHINGTON (Reuters) - President Donald Trump on Friday threatened to block federal aid for the U.S. Postal Service unless it raises shipping rates for online companies like Amazon.com, prompting criticism that the move would hurt consumers relying more than usual on packages during the coronavirus outbreak. The president has long accused the post office of charging too little for packages, saying that deliveries for Amazon and others cost the service money. Amazon founder and CEO Jeff Bezos owns the Washington Post newspaper, which Trump has accused of unfair coverage of his administration. “The Postal Service is a joke. Because they’re handing out packages for Amazon and other internet companies, and every time they bring a package, they lose money on it,” Trump told reporters in the Oval Office. “The Post Office should raise the price of a package by approximately four times.” The president Show less Read more
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