Trump says Amazon does ‘great damage’ to retailers

Bloomberg

US President Donald Trump once again unloaded on Amazon.com Inc., tweeting that the company is hurting other retailers and implying that it’s killing industry jobs across the US.
Amazon is causing “great damage to tax paying retailers,” Trump said in a Twitter post Wednesday, causing shares in the online retailer to fall as much as 1.2 percent in early trading.
“Towns, cities and states throughout the US are being hurt—many jobs being lost!” Trump said in the tweet.
Trump is losing the support of many company executives, some of whom resigned this week from a council of business leaders to protest the president’s response to the violent demonstrations in Charlottesville, Virginia. But he has often taken particular aim at Amazon and the Washington Post, owned by Amazon founder Jeff Bezos, for its coverage.
While it’s unclear what prompted Trump’s tweet, which seems to be taking on two issues, taxes and jobs, The Washington Post ran an editorial about Trump in the paper.
It’s often difficult to parse Trump’s tweets, but he seems to be focusing partly on how Amazon’s sales and market share growth is hurting the traditional retail industry. His remarks come amid one of the most tumultuous years in the industry’s history. Brick-and-mortar chains, apparel sellers, are suffering from sluggish mall traffic and an exodus of shoppers to e-commerce.
The US retailer is fighting the EU over its tax bill.