Trump lashing out at Amazon on Twitter could have serious consequences

Author: Joseph Holt

Jholt
Joseph Holt

President Trump is shooting himself in the foot with ill-advised Twitter attacks like the one he did this week on Amazon.

The Washington Post, which is owned by Amazon CEO Jeff Bezos, reported earlier this week that a number of Trump's golf properties were displaying a fake issue of Time magazine with Trump on the cover. Trump proceeded to attack Amazon and the Washington Post in a tweet accusing the "fake news" paper for protecting Amazon for not collecting sales taxes from online purchases.

This attack was ill-advised for a number of reasons.

For one thing, the underlying accusation is unfounded. If Trump were more up on the real news he would have known that Amazon started collecting sales taxes nationwide as of April 1, and even before April 1, Amazon collected sales taxes in most states.

Trump diminishes his credibility a little more each time he launches an unfounded accusation. He would do well to the words of Albert Einstein: "Whoever is careless with the truth in small matters cannot be trusted with important matters."

Read Holt's entire commentary on the CNBC website.