April 3, 2018 / 10:21 PM / 7 months ago

Trump says U.S. subsidises Amazon for shipping

U.S. President Donald Trump speaks during a joint news conference with Latvia's President Raimonds Vejonis, Estonia's President Kersti Kaljulaid and Lithuania's President Dalia Grybauskaite at the White House in Washington, U.S., April 3, 2018. REUTERS/Carlos Barria

WASHINGTON (Reuters) - President Donald Trump on Tuesday said the United States is subsidizing Amazon.com Inc (AMZN.O) and that the online retailer must pay more to ship its products through the nation’s postal agency.

Trump, citing an unnamed report, told reporters at the White House that the U.S. Postal Service “delivers packages for Amazon at a very low rate,” adding: “If you look at the cost that we’re subsidizing, we’re giving a subsidy to Amazon.”

Reporting by Steve Holland and Lisa Lambert; Writing by Susan Heavey; Editing by Tim Ahmann

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