Free Trial

Trump trade office adds Amazon to 'notorious markets' list

WASHINGTON (AP) — 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.

The Office of the U.S. 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 U.S. 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 U.S. government to advance a personal vendetta against Amazon.'' The Seattle-based company said it has taken aggressive steps to combat counterfeiting and to vet sellers. The company said that last year it weeded out 2.5 million potential bad actors before they could start selling.

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 U.S. Defense Department last year after losing a lucrative cloud computing contract to rival Microsoft. Trump has also said he won’t approve a $10 billion loan to the U.S. 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.

Should You Invest $1,000 in Amazon.com Right Now?

Before you consider Amazon.com, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Amazon.com wasn't on the list.

While Amazon.com currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Elon Musk's Next Move Cover

Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.

Get This Free Report
Like this article? Share it with a colleague.

Companies Mentioned in This Article

CompanyMarketRankâ„¢Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Microsoft (MSFT)
4.7014 of 5 stars
$492.350.1%0.67%38.01Moderate Buy$524.71
Amazon.com (AMZN)
4.6927 of 5 stars
$220.01-0.2%N/A35.81Moderate Buy$246.23
Compare These Stocks  Add These Stocks to My Watchlist 

Featured Articles and Offers

Related Videos

Magnificent 7 Stocks Shift Toward Stability and Selective Growth
5 Blowout Earnings Winners That Could Soar Even Higher
5 Stocks to BUY NOW in May 2025

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines