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Thu Sep 20, 2018, 08:35 PM

Alibaba's Jack Ma abandons pledge to create 1 million US jobs

Jack Ma, chairman of Alibaba, has abandoned a promise to create 1m new jobs in the US, in a sign of the threat that rising trade tensions with China pose to some of US President Donald Trump’s key economic goals.

Mr Ma’s promise, made early last year, was one of the most prominent commitments from business leaders seeking to curry favour with the then president-elect. He said that the jobs would be created over a period of five years by American companies which used Alibaba’s online platform to sell in China.

In an interview with Chinese news outlet Xinhua published on Wednesday, however, Mr Ma said that “the promise was made on the premise of friendly US-China partnership and rational trade relations.” He added: “That premise no longer exists today, so our promise cannot be fulfilled.”

The interview appeared a day after the Alibaba founder warned that this year’s flare-up between the US and China was the opening shot in a trade war that could last for 20 years. “It will be a mess,” he said.

https://www.bizjournals.com/seattle/news/2018/09/20/alibaba-s-jack-ma-abandons-pledge-to-create-1m-us.html?ana=e_du_prem&s=article_du&ed=2018-09-20&u=ColXVN5SPzQtLHFP87ho2w07857290&t=1537490880&j=83948561

Ya fucked up Trumpy

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Reply Alibaba's Jack Ma abandons pledge to create 1 million US jobs (Original post)
Yo_Mama_Been_Loggin Sep 20 OP
dlk Sep 20 #1

Response to Yo_Mama_Been_Loggin (Original post)

Thu Sep 20, 2018, 08:37 PM

1. Thank You GOP

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