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Jack Ma: Trade war has killed my pledge to create 1 million US jobs
Chinese tech billionaire Jack Ma's promise to create 1 million new US jobs is the latest casualty of the trade war.
The Alibaba (BABA) chief grabbed attention at the start of last year when he made the highly ambitious pledge following a meeting with Donald Trump, who was president elect at the time.
But in an interview published late Wednesday by China's official news agency, Xinhua, Ma said the waves of new tariffs imposed by Washington and Beijing in recent months have undermined the plan.
"This promise was on the basis of friendly China-US cooperation and reasonable bilateral trade relations, but the current situation has already destroyed that basis," Ma said. "This promise can't be completed."
A spokeswoman for Alibaba, China's biggest e-commerce company, confirmed Ma's comments to CNN.
But in an interview published late Wednesday by China's official news agency, Xinhua, Ma said the waves of new tariffs imposed by Washington and Beijing in recent months have undermined the plan.
"This promise was on the basis of friendly China-US cooperation and reasonable bilateral trade relations, but the current situation has already destroyed that basis," Ma said. "This promise can't be completed."
A spokeswoman for Alibaba, China's biggest e-commerce company, confirmed Ma's comments to CNN.
https://money.cnn.com/2018/09/19/technology/alibaba-trade-war-jobs/index.html
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