skip to content

MarketWatch Site Logo A link that brings you back to the homepage.

Trump Today

‘The Postal Service is a joke’: Trump threatens to block loan if agency doesn’t raise prices

President suggests package-delivery prices should be four times what they are

President Donald Trump.

AFP/Getty Images

Referenced Symbols

President Donald Trump on Friday threatened to deny a loan for the U.S. Postal Service if it doesn’t raise prices for delivering packages, again calling out Amazon by name.

Speaking in the Oval Office as he signed a new round of coronavirus stimulus measures into law, Trump called the agency a “joke,” and said it should raise package-delivery prices by four times.

“The post office should raise the price of the packages to the companies, not to the people, to the companies, and if they did that it would be a whole different story,” Trump said.

Key Words:Trump officials may or may not have dropped ‘v-bomb’ but made clear opposition to post-office rescue funds

The Washington Post recently reported that the White House wants to force changes at the Postal Service as part of the terms of a $10 billion loan from the Treasury Department.

As the Post notes, Trump frequently claims that higher package rates on internet shipping companies like Amazon AMZN, +0.44% could ease the Postal Service’s financial troubles.

Trump has long been critical of Amazon founder and CEO Jeff Bezos, who independent of Amazon owns the Washington Post. He has complained that the rate charged to the company makes “Amazon richer and the Post Office dumber and poorer.”