Donald Trump’s claim that the USPS was losing money on its deal with Amazon was rated “FALSE” by Politifact, and made the fact checker’s Top 10 list for 2018:
No. 10: Trump said, “Only fools, or worse, are saying that our money losing Post Office makes money with Amazon. THEY LOSE A FORTUNE, and this will be changed.”
In an April 2 tweet, Trump said the Post Office loses a fortune on packages it delivers for the online shopping giant Amazon.
The Postal Service reported a net loss of $2.7 billion for 2017, but package delivery was one of the few growth areas. Deals with private shippers like Amazon brought in $7 billion And the 2006 Postal Accountability and Enhancement Act made it illegal for USPS to price parcel delivery below its cost.
The Postal Service’s contract with Amazon remains confidential, but an independent regulatory commission that reviews their deals annually gave it a green light.
Maybe the agency could negotiate a better deal, but the one it has runs in the black. We rated this claim False.