Amazon.com (NASDAQ: AMZN) fell on a second day after President Donald Trump slammed out at e-commerce giant in a tweet on Thursday.
"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 wrote on Twitter.
Trump’s tweet came a day after news website Axios reported Wednesday that Trump want to go after Amazon on its tax treatment, citing five sources who have talked about Amazon with the president.
Amazon shares fell 4.38 percent on Wednesday after the news. The stock fell almost 4 percent at the open on Thursday. But it recovered most of its loss during the morning trading session and was trading 0.6 percent lower.
This is not the first time the president went after Amazon. In 2017, he also said in a tweet that “Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout the U.S. are being hurt - many jobs being lost!”
On later Wednesday, White House press secretary Sarah Huckabee Sanders said that the White House has no plan on any policy move directed at Amazon. "We have no announcement and no specific policies we are pushing for" related to Amazon, she said.