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Alibaba's Jack Ma Backs Down From Promise To Trump To Bring 1 Million Jobs to the US (cnbc.com)
Jack Ma, chairman of Alibaba, has abandoned a promise to create one million 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. From a report: "The promise was made on the premise of friendly US-China partnership and rational trade relations," Ma told Chinese news site Xinhua on Wednesday. "That premise no longer exists today, so our promise cannot be fulfilled." Ma, who recently announced that he will step down as Alibaba chairman within a year, added that the company would "not stop working hard to contribute to the healthy development of China-US trade." Ma's comments come on the heels of a new round of tariffs this week from both China and the U.S. that will affect billions of dollars worth of goods as the two countries have failed to reach a deal to resolve the Trump administration's concerns about China's trade practices.
"That premise no longer exists today, so our promise cannot be fulfilled."
I have a hunch that the USA no longer has that clout it once had. Countries are now openly willing to defy the USA.
Some countries are already trying to kill the dollar
let me hope our president will change course, though I have no doubt that some folks will hope that he doubles down.
Slashdot economics experts: China has been bullying other countries economically for decades and unfairly favoring its own companies. We have to do something about it before its too late. The longer we wait the more painful it will be. After Trump ........
Slashdot economics experts: WAAA Trump did something China didn't like and they gave me a booboo. Waaa we must never offend china to keep cheap chinese goods forever!
Who could have seen it coming?
Only 65,853,514 of us, unfortunately.
https://en.wikipedia.org/wiki/United_States_presidential_election,_2016
"That premise no longer exists today, so our promise cannot be fulfilled."
I have a hunch that the USA no longer has that clout it once had. Countries are now openly willing to defy the USA.
Some countries are already trying to kill the dollar
let me hope our president will change course, though I have no doubt that some folks will hope that he doubles down.
The US had plenty of clout, backed by a network of friends and allies that was unique in human history, and potentially still is mostly salvageable. That network of allies has always been the USA's strength because everybody knew that whatever the Americans got up to they'd always be better of with those occasionally crazy Yanks than the Soviets/Russians or the Chinese. The US' position would still be unassailable if Trump wasn't busy throwing away that clout and methodically disassembling the network of friends and allies. There is a whole slew of Asian countries now cozying up to China but not necessarily because they want to. With the Trump administration adopting a policy of insulting everybody and isolating the US, they have no choice but to cozy up to China. Most of them would much prefer the US, it usually offer a better deal and, (key point here) the USA is a distant hegemon, far across the ocean. You can't drive American tanks to Asia from the continental US and amphibious operations are very expensive and hard to do right. You can, however, easily drive Chinese tanks from bases in China to most of these Asian countries and they are only too keenly aware of it. Most of them have watched China claim the south China sea to the extent that you can stand on a beach at the water's edge in some of the countries in the region and send a golden arc of piss into what China regards as its sacred territorial waters.
Yeah, the know-it-alls are really the problem, eh?
You settled for a GED thinking you could work down at the steel mill for 30 years like your dad did.
But it's easier to blame other people than fess up to your own short sightedness.
And ordinary people didn't elect Trump, he lost the popular vote. I suspect you actually knew that despite your act to sort of reverse virtual signal, trying to play the ordinary working stiff.
You lot are real big on the Personal Responsibility thing, as long as it's not you personally who's having his feet held to the fire over why he is where he is today.
The smug know-it-all cunt is the guy you see in the mirror every morning when you brush your teeth. Except he really doesn't know it all.
You have very rosy colored glasses.
Very rosy colored glasses. what you need to see Trump as a stable genius, friend of the common man, master negotiator, keen political mind and greatest American of all time. I think I made it quite clear that I consider him a bumbling idiot, and that's me putting it kindly.
A great example of this is what happened with TPP. When the US pulled out the other countries decided to continue on their own with CPTPP, basically the same thing but without the US. They dropped all the stuff that the US wanted by they didn't of course.
So now they have this huge trade deal with 11 countries and the US is trying to do individual deals with each of them. Of course they don't want to do individual deals, the whole point of doing a collective one was that no single country could make demands without broader agreement. And of course, that's why Trump didn't like it, he thought he could do better individual deals and force countries to agree to them.
What has actually happened is that the CPTPP signatories are just stalling with the US, waiting for Trump to go away. Japan doesn't want to lower automotive standards to allow more US cars to be sold there, and doesn't want to lower food standards to allow US meat products to be sold (like the EU they don't allow chlorine washing for example).
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SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC