Companies That Should Fear “America First”: Amazon (AMZN)
Amazon.com, Inc. (NASDAQ:AMZN) was another U.S. company Trump criticized during his campaigning. Although his criticism was aimed more at Amazon CEO Jeff Bezos’ ownership of The Washington Post, the President-elect has cited antitrust concerns about Amazon.
While the e-commerce giant doesn’t have any sort of actual monopoly on the market, there’s no way of denying its business has been largely built on the sale of goods mostly made outside of the United States.
Trump’s proposed import tariffs could make life very difficult for Amazon.