Trump’s trade war cancels Alibaba’s promise of 1 million U.S. jobs

Mercury News

❝ Alibaba Chairman Jack Ma said the company can no longer meet its promise to create 1 million jobs in the United States due to U.S.-China trade tensions, Chinese news agency Xinhua reported on Wednesday.

❝ Ma has already warned that the trade war between the world’s two largest economies could last decades and that China should focus exports on the “Silk Road” trade route, citing Africa, Southeast Asia and Europe.

❝ Ma met U.S. President Donald Trump two years ago and laid out the Chinese e-commerce giant’s plan to bring one million small U.S. businesses onto its platform to sell to Chinese consumers over the next five years.

“This commitment is based on friendly China-U.S. cooperation and the rational and objective premise of bilateral trade,” Ma told Xinhua…The current situation has already destroyed the original premise. There is no way to deliver the promise.”

Understand thoroughly, Trump is an ignoranus incapable of leading trade or cultural relationships with another nation to progress and parity. He relies on reactionary advisors like Lighthizer and Navarro who wish to halt any and all mutual trade relations with China.

3 thoughts on “Trump’s trade war cancels Alibaba’s promise of 1 million U.S. jobs

  1. Hey, Rube! says:

    “The largest e-commerce day in the world has just concluded — China’s 11.11, or Singles Day — and Alibaba has already reported record-breaking sales of $30.8 billion within the past 24 hours. As I noted previously in Forbes, China’s e-commerce industry accounts for more sales in one day than most countries sell in an entire year. I just wrapped up several days of senior-level presentations and discussions in Shanghai, courtesy of Alibaba, and I have identified three key takeaways for brands, retailers and others who follow e-commerce.” Frank Lavin, Forbes 11/11/18

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