- US-China trade war
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Jack Ma said Trump's trade war with China will wreck Alibaba's plans to help create 1 million US jobs (BABA)
Alibaba co-founder Jack Ma said that the US-China trade war will prevent the Chinese giant from delivering on its promise to create one million new US jobs. The comments come two days after President Donald Trump announced a new wave of tariffs on $200 billion worth of Chinese goods.
Jack Ma, the recently departed chairman of Chinese retail giant Alibaba, said Wednesday that President Donald Trump's trade war with China will scuttle the company's pledge to bring 1 million jobs to the US.
In an interview with Chinese outlet Xinhua, Ma said recent back-and-forth tariffs between the US and China made the pledge — which was heavily touted by Trump in the early days of the transition period — unworkable.
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