Amazon slides after Trump says he'll take a 'very serious look' at policy changes related to the company

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Amazon slides after Trump says he'll take a 'very serious look' at policy changes related to the company

Jeff Bezos

rew Angerer/Getty Images

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  • President Donald Trump on Thursday night said his administration would take a "very serious look" at policy changes related to Amazon.
  • Shares of the company were down 1.66% ahead of Friday's opening bell.
  • They have fallen as much as 10% in recent weeks as the president has stepped up his attacks on the e-commerce giant.

Shares of Amazon were sliding Friday morning, down 1.66% ahead of the opening bell, after President Donald Trump unleashed another attack at the company.

On a trip back to Washington, DC, on Thursday evening, Trump said his administration would take a "very serious look" at policy changes related to the company.

He added that the US Supreme Court would be looking at the "sales-tax situation" very soon.

The company has found itself in the crosshairs of the president in recent weeks. Trump has accused the e-commerce behemoth of avoiding paying its fair share of taxes and is "costing the United States Post Office massive amounts of money for being their Delivery Boy."

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Amazon shares fell as much as 10% in the days following a March 28 report by the news website Axios citing a source as saying Trump was "obsessed" with the company and wanted to go after it. They trimmed those losses over the past week, but shares were still 3% below their March 27 close as of Thursday's close.

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