Donald Trump opened up a new chapter in his running feud with
Amazon CEO Jeff Bezos on Friday, saying the United States Postal Service should be charging the online shopping giant more for shipping.
'Why is the United States Post Office, which is losing many billions of dollars a year, while charging Amazon and others so little to deliver their packages, making Amazon richer and the Post Office dumber and poorer?' the president asked on
Twitter.
'Should be charging MUCH MORE!'
Trump's jab at Amazon's bottom line is a continuation of his longstanding battle with Bezos, who also owns The Washington Post.
Just a friendly billionaire battle between rounds of golf: Donald Trump took a swipe at Amazon.com on Friday during his Palm Beach vacation
The president's jab at the web giant is an extension of his long feud with Jeff Bezos, the company's CEO – who also owns The Washington Post
The Post, one of the newspapers Trump most loves to hate, has drawn his ire since early in his presidnetial campaign for generating negative coverage of the Republican.
The USPS has posted losses for 11 straight years, largely on the basis of gigantic legacy pension and health care costs.
And while online shopping has led to growth in its package-delivery business, fewer Americans send letters via first-class mail every year.
Federal regulators moved recently to allow bigger jumps to stamp prices beyond the rate of inflation, which could eventually increase companies' shipping rates.
Amazon, on the other hand, has the markings of an unstoppable juggernaut – and one analysis shows that the Postal Service is giving it a free ride.
An April report from Citigroup found that the fast pace of change in the shipping business has left the USPS struggling to allocate its expenses correctly.
Trump said Amazon should pay 'MUCH MORE' to ship its packages – and one economic analysis suggests he's right
Although the USPS spends 25 per cent of its infrastructure costs dealing with package delivery, a bureaucratic bungle has resulted in the service only figuring in 5.5 per cent – giving shippers like Amazon the equivalent of a $1.46 subsidy on every package shipped