Insta
United States ‘Jack’ed By Ma: Chinese Billionaire’s Million Jobs Promise Falls Flat
Alibaba Group’s Executive Chairman Jack Ma (John Moore/Getty Images)
Jack Ma, China’s richest man, believes that the trade war between the World’s two largest economies is a major setback for job creation in the US, reported Bloomberg.
Ma claims that the unstable trade situation is why the pledge made to US President Donald Trump is no longer feasible. Alibaba’s platform was to be leveraged to create one million jobs, as discussed by Trump and Ma in 2017.
Ma went one step further and cautioned China’s business and political leaders, “The promise was made based on China and the U.S. having a collaborative and friendly relationship,” he said. “The situation now has completely destroyed our premise, so it can no longer be completed.”
Earlier this week, China said it would retaliate against US’ plans to levy tariffs on $200 billion in Chinese goods. Retaliatory tariffs on goods, ranging from meat to wheat and textiles against $60 billion of U.S. are expected.
Ma believes that this trade war would possibly last for another 20 years, as both countries battle for economic supremacy - something the World should to watch out for.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.
Latest
