Mnuchin said he looked forward to hearing the Justice Department investigate Amazon. Earlier, the Justice Department announced a wide-ranging inquiry into whether large US technology companies are engaged in anti-competitive activities, which is the strongest move by the Trump government to strengthen the review of large technology companies so far.
If you look at Amazon, although people do benefit from it, it destroys retail business across the United States, Mnuchin said in an interview. I dont have any other opinions. I just think the Justice Department is absolutely right to investigate these issues. I look forward to hearing their suggestions to the President.
Amazon defends itself by saying that 90% of sales come from physical stores. A spokesman for Amazon said: Today, independent sellers account for more than 58% of the total sales of Amazons physical goods, and their sales are growing twice as fast as ours, reaching $160 billion in 2018.
A spokesman for the U.S. Department of Justice declined to reveal which companies the agency would investigate in an anti-trust investigation, but said the investigation would consider concerns about search, social media and certain online retail services, apparently referring to Google, Amazon, Facebook and even Apple. (Small)
Source: Responsible Editor of Netease Science and Technology Report: Wang Fengzhi_NT2541