President Trump trotted out a familiar whipping boy on Saturday, tweeting that Amazon was screwing over none other than the United States Postal Service. "The U.S. Post Office will lose $1.50 on average for each package it delivers for Amazon," he tweeted, adding that "That amounts to Billions of Dollars." Trump says the USPS should jack its parcel rates, hitting Amazon with a $2.6 billion hike. "This Post Office scam must stop. Amazon must pay real costs (and taxes) now!" he tweeted. Trump's criticism has hit Amazon in the wallet, notes CNBC, with its stock taking a 6% slide in the last five trading days.
Trump also took a swipe at another favorite Jeff Bezos-owned punching bag: The Washington Post, which he says "is used as a 'lobbyist' and should so REGISTER." The AP fact-checks Trump's claims and finds that "Trump is misrepresenting Amazon's record on taxes, the U.S. Postal Service's financial situation and the contract that has the post office deliver some Amazon orders. Federal regulators have found that contract to be profitable for the Postal Service." Though it acknowledges that a 2017 study found that USPS parcel rates were below market rates. (Read more President Trump stories.)