Trump’s latest critique comes after Amazon’s stock took a hit Wednesday following the publication of a report in Axios that Trump was “obsessed” with the retail giant, according to a person interviewed by the publication. Shares fell more than 4 percent on Wednesday and continued their tumble Thursday, falling more than 3.8 percent in morning trading. It’s share price recovered after a White House spokeswoman said that while Trump “has expressed his concerns with Amazon, we have no actions at this time.” By the close of trading, the share price was up 1.1 percent for the day.
Some of Trump’s claims about Amazon have not been based on complete information. Amazon, for example, does collect taxes on products it sells to customers in the 45 states with a sales tax. Items sold by third-party vendors, however, may have different arrangements. The company has also said it supports legislation that would require other online retailers to pay state and local sales taxes.
Source: Washington Post