Trump’s ‘Post Office Scam’ Feud With Amazon Just Got Hotter
President Donald Trump ordered the creation of a task force to review business practices at the United States Postal Service, a move that could affect one of the president’s favorite corporate targets: Amazon. “The USPS is on an unsustainable financial path and must be restructured to prevent a taxpayer-funded bailout,” the president said in an order that was released Thursday night. The order calls for an examination of the Postal Service’s pricing, policies and workforce costs. The Postal Service has lost more than $65 billion over the past decade as Americans increasingly transmit messages online, according to the executive order. The task force will be led by Treasury Secretary Steven Mnuchin or his designee, according to the order. In a series of Twitter messages, Trump has accused Amazon of draining the Postal Service of money it can’t afford to lose. Trump’s sustained attacks on one of the world’s largest companies have hurt Amazon’s stock price and raised questions about government interference in the private sector. Read more at Fortune.
