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Trump is becoming the backfire president

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Trump is becoming the backfire president

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The Amazon (AMZN) CEO faces a new dilemma, since President Trump is now threatening punitive action against his company—and may have the power to follow through.

Trump argues (in a series of tweets) that Amazon gets a sweetheart deal with the US Postal Service, shipping products below cost, with taxpayers essentially subsidizing the deliveries.

That’s probably not true. The Postal Service’s contract with Amazon is private, so we can’t know for sure, but federal law requires the USPS to price package delivery at rates that are profitable. Package delivery is actually a bright spot for the Postal Service—an area of growth amid a long-term decline in regular mail. Instead of ripping off the USPS, Amazon is probably helping keep it alive.

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The White House has criticised China after it imposed retaliatory tariffs against the US on a range of goods, including pork and wine.

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The White House has criticised China after it imposed retaliatory tariffs against the US on a range of goods, including pork and wine.

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Beijing put duties of up to 25% on 128 American imports following President Donald Trump's decision to slap taxes on imports of steel and aluminium.

China said the move was intended to safeguard its interests and balance losses caused by the new tariffs.

The White House reacted angrily to China's move.

"Instead of targeting fairly traded US exports, China needs to stop its unfair trading practices which are harming US national security and distorting global markets," spokes woman Lindsay Walters said.

She added; "China's subsidisation and continued over capacity is the root cause of the steel crises,"

The back-and-forth reflects rising tensions between the US and China, which President Trump has described as an "economic enemy".

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https://www.youtube.com/watch?v=EBuZMh_ZjQA&feature=youtu.be

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·         ANANOVA.COM; tomado de, http://www.ananova.com/news/

·         BBC NEWS; tomado de, http://www.bbc.com/news

·         YAHOO.NEWS, recuperado de, https://www.yahoo.com/news/trump-becoming-backfire-president-180050254.html