Trump loads another tweet into the chamber - and fires on Amazon again

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"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!" Do his criticisms ring true?

The president's jab comes as the solicitor general, who represents the federal government before the U.S. Supreme Court, is siding with South Dakota's attempt to overturn the high court's 1992 decision barring states from taxing out-of-state sellers who lack an in-state physical presence. But his Twitter post lacked important context about the Postal Service and relied on outdated and incorrect facts regarding Amazon's taxes.

That's translated to more packages and package-related revenue, in part thanks to Amazon. Package volume expanded by 111 million pieces, or 7%, during the first quarter, and the agency said it "continues to grow its package business".

Donald Trump attacks coincided with calls from outside groups who insist on inspections because Amazon has grown too much and should be investigated for non-competitive practices.

President Trump responded to the article on Twitter.

Amazon.com Inc. did not respond to a request for comment.

In a 2017 statement, Amazon said that its partnership with the Postal Service was "reviewed annually by the Postal Regulatory Commission", which found its contracts to be profitable.

While the Postal Service has lost money for more than a decade, it swung to a profit this year largely because online shopping has led to growth in its package-delivery business.

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But with that network in its early stages, it's a paying customer of the post office.

Amazon, among tech companies, is Trump's favorite target, and not just for package delivery. Shares (AMZN) dropped 4%, but they rebounded Thursday.

Trump does not have any new policies planned that would affect Amazon, a White House official said on Thursday, adding that Trump was prompted to speak out on the subject in reaction to news reports this week. Since April 2017, Amazon has collected sales taxes in all states that levy one.

"In my many years of being an antitrust lawyer, I'm not aware of a scenario where an individual company was singled out by the president of the United States with a strong encouragement to the Department of Justice to file an antitrust case", said Jeffrey Jacobovitz of the law firm Arnall Golden Gregory LLP.

Stifel analyst Scott Devitt said the e-retailer collects sales taxes in the 45 states that have state sales taxes and the District of Columbia.

Amazon has undoubtedly contributed to the closure of many brick-and-mortar stores and the bankruptcy of some chains as more people shop online instead of in malls. "Right now there is no Internet sales tax", White House Principal Deputy Press Secretary Raj Shah told Fox news.

What's more, e-commerce - and Amazon was responsible for about 44% of all U.S. e-commerce sales a year ago - is a sizable job creator.

"If there is a law that regulates how you tax third-party sellers, it's going to apply to everyone and Amazon's position will remain the same", said Steve Chiavarone, a portfolio manager at Federated Investors. A report released March 26 by the left-leaning Institute on Taxation and Economic Policy said Amazon either doesn't collect and remit local sales tax or is charging a lower sales tax rate than traditional retailers in seven states: Alabama, Alaska, Idaho, Iowa, Mississippi, New Mexico, and Pennsylvania.

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