financetom
Economy
financetom
/
Economy
/
Donald Trump trade office adds Amazon to 'notorious markets' list
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Donald Trump trade office adds Amazon to 'notorious markets' list
Apr 29, 2020 3:25 PM

The United States for the first time added five of Amazon's overseas operations to its list of "notorious markets" where pirated goods are sold. The e-commerce giant dismissed the move as part of the Trump administration's "personal vendetta" against it.

Share Market Live

NSE

The Office of the US Trade Representative on Wednesday added the Amazon.com Inc. domains in Canada, France, Germany, India and the United Kingdom to its annual blacklist.

USTR cited complaints from US businesses that consumers can't easily tell who is selling items on the Amazon platforms and that the e-commerce company's procedures for removing counterfeit goods can be lengthy and burdensome.''

Amazon fired back with a statement Wednesday: We strongly disagree with the characterization of Amazon in this USTR report. This purely political act is another example of the administration using the US government to advance a personal vendetta against Amazon.'' The Seattle-based company said it has taken aggressive steps to combat counterfeiting.

President Donald Trump has clashed repeatedly with Amazon. The company's founder, Jeff Bezos, also owns The Washington Post newspaper, which has written critical stories about Trump and his business dealings.

Amazon sued the US Defense Department last year after losing a lucrative cloud computing contract to rival Microsoft. Trump has also said he won't approve a USD 10 billion loan to the US Postal Service unless it dramatically increases the rates it charges Amazon and other big shipping companies.

Last October, the American Apparel & Footwear Association urged the trade representative to add Amazon operations in those five countries to the notorious markets list. The association praised the trade office's decision in a statement Wednesday but did not mention Amazon.

Chinese e-commerce colosses Alibaba Group's Taobao.com online marketplace also remained on the list.

USTR also said Wednesday that Algeria, Argentina, Chile, China, India, Indonesia, Russia, Saudi Arabia, Ukraine and Venezuela remained on its priority watch list'' of countries that do not adequately protect intellectual property. It removed Kuwait from the priority list, saying the country is updating its intellectual property laws and stepping up enforcement against piracy.

First Published:Apr 30, 2020 12:25 AM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
In fight to curb climate change, a grim report shows world is struggling to get on track
In fight to curb climate change, a grim report shows world is struggling to get on track
Nov 14, 2023
The State of Climate Action report released on Tuesday by the World Resources Institute, Climate Action Tracker, the Bezos Earth Fund and others looks at what's needed in several sectors of the global economy power, transportation, buildings, industry, finance and forestry to fit in a world that limits warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) over pre-industrial times, the goal the world adopted at Paris in 2015. The globe has already warmed about 1.2 degrees Celsius (2.2 degrees Fahrenheit) since the mid-19th century.
Zoomed Out | Critical Minerals — why India's current strategy to become self-reliant is so vital
Zoomed Out | Critical Minerals — why India's current strategy to become self-reliant is so vital
Nov 29, 2023
Internationally, there are genuine security concerns related to the criticality in building more diverse and dependable value chains for critical minerals, about their environmental and social sustainability, and technological challenges. While, India has taken the right steps for creating an ecosystem for accelerated exploration and production of critical and new age minerals, observes FICCI Mining Committee Co-Chair Pankaj Satija.
JPMorgan has a new way to gauge its green progress
JPMorgan has a new way to gauge its green progress
Nov 15, 2023
As the largest energy banker, JPMorgan is a frequent target of criticism over Wall Street’s role in the climate crisis. At the same time, the bank is a leading US arranger of green bonds, making it vulnerable to Republicans seeking to protect the fossil fuel industry.
India looking into 'freak' incidents like damage to Sikkim's Chungthang dam: RK Singh
India looking into 'freak' incidents like damage to Sikkim's Chungthang dam: RK Singh
Oct 18, 2023
Stressing on the need to have quick ramp up and ramp down energy sources for grid balancing, the minister described hydroelectric power's role as essential in the path to energy transition as wind energy is intermittent and the sun doesn't shine 24×7.
Copyright 2023-2026 - www.financetom.com All Rights Reserved