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President Trump Wants Post Office to Charge Amazon ‘MUCH MORE!’

POTUS says that the tech giant is getting richer while USPS is getting “dumber and poorer”

Last Updated: December 29, 2017 @ 10:33 AM

President Trump is tired of so much winning for Amazon at the expense of the U.S. Postal Service.

In a Friday morning tweet, the POTUS said the post office needs to increase its fees for delivering packages for the tech behemoth. Amazon is getting richer, while making the post office “dumber and poorer,” the president tweeted.

The USPS, he added, should be charging “MUCH MORE!” (all caps) to deliver Amazon packages.

The postal service delivers about 40 percent of Amazon packages on their last leg of transit, which costs the company about half as much as using FedEx or UPS. According to data pulled by Bloomberg, Amazon pays about $2 per package (on average) to the post office.

The disparity in performance between the two services must have caught President Trump’s eye. The postal service lost $2 billion during its most recent quarter, while shares of Amazon stock have climbed more than 50 percent since the start of 2017. But package delivery is actually a profitable business for the USPS, unlike delivering letters.

Tangentially, this is the second time in December the president has called out a business tied to Jeff Bezos, chief executive of Amazon. The president previously called for the Washington Post, which was bought by Bezos in 2013, to fire a reporter for tweeting a “phony picture” of a sparsely-attended Florida rally.

Shares of Amazon weren’t knocked out by the president’s tweet, dropping about 0.5 percent to $1,179 a share on Friday morning.