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Trump: Amazon is killing businesses — here’s who is hit hardest

President Donald Trump turns out decided to take down Amazon.
AP Photo/Pablo Martinez Monsivais

  • President Donald Trump tweeted on Thursday that Amazon is “putting many thousands of retailers out of business.”
  • Amazon‘s competitive enlargement into new industries has terrified competition.
  • Here are 8 industries threatened by way of Amazon’s enlargement, from shoe shops to healthcare businesses.

President Donald Trump turns out decided to take down Amazon because the e-commerce juggernaut expands its succeed in.

“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!” Trump tweeted on Thursday morning.

Trump has a historical past of criticizing Amazon. The president argues that Amazon has unfairly gained high tax advantages and preferential remedy from america Postal Service, hurting brick-and-mortar outlets.

While Amazon denies that its competitive enlargement hurts competition, many analysts and bosses agree that, incessantly, when Amazon enters a brand new trade, opponents endure.

These are 8 industries which were threatened by way of Amazon’s expanding domination:

About Joel Johnson

Joel S. Johnson writes for Business Finance Section in AmericaRichest.

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