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Amazon Founder Jeff Bezos Optimistic About Trump’s Regulatory Environment
Amazon founder Jeff Bezos expressed optimism about a potential friendly regulatory environment under the new administration of President-elect Donald Trump at The New York Times’ DealBook Summit. Bezos, who also owns The Washington Post, stated that he expects a reduction in regulation and is willing to help Trump achieve this goal.
Despite Trump’s public criticism of Bezos and his companies, including Amazon and The Washington Post, Bezos remained optimistic, citing Trump’s “energy around reducing regulation” and his commitment to innovation. This is a similar tone Bezos expressed during the 2016 election, when he met with Trump and other tech leaders at Trump Tower, calling the meeting “very productive” and expressing support for innovation as a key pillar of the presidency.
Bezos also publicly praised Trump, calling him “calmer, more confident and more settled” than during his first term in office. Bezos’ comments come as a surprise, as Trump has repeatedly attacked him and his companies, accusing them of dodging taxes and publishing “fake news”.
However, Bezos’ optimism is not without controversy. In 2019, Amazon blamed Trump’s “behind-the-scenes attacks” for the loss of a multibillion-dollar Department of Defense contract, and Bezos has been critical of Trump’s behavior in the past, saying it “erodes our democracy”. Despite this, Bezos remained conciliatory, stating that he is willing to work with Trump to reduce regulation and promote innovation.
