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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.
I have a hunch that the USA no longer has that clout it once had.
Do you guess completely backwards very often?
Countries are now openly willing to defy the USA.
Since when have they not? The difference now is that the U.S. actually pushes back.
The U.S. is having vastly more effect now and responses from other countries, than it ever did under Obama.
"There is more worth loving than we have strength to love." - Brian Jay Stanley
Yet another nail in Hong Kong's independence coffin.