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Amazon’s tax obligations have been under a microscope since the company’s high-profile search for a second headquarters in 2017. Amazon sought tax incentives from cities competing for the coveted HQ2 project, which became a key factor in the dispute that led the company to pull out of the New York office it planned. Amazon received nearly 0 million in subsidies for its remaining HQ2 location in Northern Virginia. A coalition of state officials are now considering entering a non-aggression pact to prevent tax incentive bidding wars like the one Amazon’s HQ2 search prompted, Bloomberg reports.

Amid the trade war between China and the US, this would make investors worry whether there will be a limit to Hong Kong's imports from the US in high-tech products and other potential fields, Wong said.

Amid the surge of protectionism and unilateralism around the globe, which has weakened the world's trading system and hindered economic growth, the agreement showed that the mainland and Hong Kong are determined to propel open markets and liberalization of trade with no fear of storms or tribulations, Chan said.

Amazon’s post adds, “There is a recurring pattern to the way President Trump behaves when he’s called out for doing something egregious: first he denies doing it, then he looks for ways to push it off to the side, to distract attention from it and delay efforts to investigate it (so people get bored and forget about it). And then he ends up doubling down on the egregious act anyway.

Amazon’s first smartphone?isn’t setting the world on fire, judging from the company’s own rankings.