Amazon CEO Jeff Bezos speaks at the UN Climate Change Conference (COP26) in Glasgow, Scotland, UK, November 2, 2021. Paul Ellis / Pool via REUTERS
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July 3 (Reuters) – Amazon.com Inc. (AMZN.O) founder Jeff Bezos renewed his dispute with the White House over the weekend, while the world’s third richest man criticized the President Joe Biden to ask companies that run gas stations to reduce their prices.
In a tweet on Saturday, Biden said, “This is a time of war and global danger,” and demanded that companies lower gasoline prices, which have soared to about $ 5 a gallon in many parts of the world. country.
“Lower the price you’re charging at the pump to reflect the cost you’re paying for the product. And do it now,” the president said.
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Bezos wrote shortly afterwards on Twitter: “Alas. Inflation is too important a problem for the White House to continue to make statements like this. It is a direct misdirection or a deep misunderstanding of the basic dynamics of the market.”
On Sunday, White House press secretary Karine Jean-Pierre dismissed criticism from Bezos, arguing that oil prices had fallen about $ 15 a barrel last month while prices at the bomb had fallen “with barely “.
“But I guess it’s not surprising that you think oil and gas companies use market power to make record profits at the expense of the American people is the way our economy is supposed to work,” he said. write on Twitter.
Bezos has closed the horns with the Biden administration in the past. In May, he accused Biden of misleading the public and blamed his administration for rising inflation. Read more
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Report by Akriti Sharma in Bangalore; Edited by Paul Simao
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