Business

Trump Orders A Review Of The US Postal Service

Trump's order doesn't specifically mention Amazon, but he's accused the e-commerce giant of taking advantage of the USPS.

Trump Orders A Review Of The US Postal Service
Getty Images
SMS

President Donald Trump wants a review of the U.S. Postal Service's business practices. 

In an executive order announced late Thursday, Trump said the USPS is on an "unsustainable financial path" and directed a task force to study its operations and finances. 

Treasury Secretary Steve Mnuchin will lead that task force. 

Trump's order doesn't specifically mention Amazon, but he's accused the e-commerce giant of not paying its share in taxes and taking advantage of the USPS. 

The President Claims Amazon Costs The USPS A Fortune — Is That True?
The President Claims Amazon Costs The USPS A Fortune — Is That True?

The President Claims Amazon Costs The USPS A Fortune — Is That True?

The president claims Amazon costs the USPS "A FORTUNE." That's not the case, but the Postal Service could be making more money from Amazon.

LEARN MORE

But as Newsy previously reported, the Postal Service loses tons of money every year, even without Amazon. For one, the volume of first-class mail it delivers has been declining for years, but USPS is still making a profit on packages

Amazon declined to comment to Bloomberg about the executive order. Trump's task force is required to submit a report on its findings and recommendations within four months. 

Additional reporting from Newsy affiliate CNN.