At the beginning of Donald Trump’s tenure as America’s commander in chief, China’s commercial diplomat-in-chief, Jack Ma, set out to build a personal relationship with the businessman-turned-politician.
At a meeting at Trump Tower, Ma promised Trump he would work to create one million US jobs, helping American businesses tap into China’s growing market for consumer goods.
A lot has changed since then, and it’s no wonder that Ma has taken back the promise. Speaking in an interview with Xinhua, published Wednesday, the soon-to-be-retired Alibaba chief said that the climate of cooperation has been “destroyed.”
“This commitment was based on friendly China-US cooperation and the rational, objective premise of bilateral trade,” Ma said. “The current situation has already destroyed this original premise.”
“There is no way to complete this commitment,” he added
The comments are not surprising considering the sentiments he expressed earlier in the week, when he said the trade war could last for twenty years and that there is no short-term solution.
“It’s going to be a mess. It’s not a trade war. It’s about competition between two countries,” Ma said on Tuesday.
Right on, Jack.
This trade war is the equivalent of a 90 lb. weakling walking up to Mike Tyson and slapping him in the face with a glove. The USA has massive debt. A huge reliance on China picking up even more US debt. China has not even scratched the surface so far as rolling out it`s big guns. Watch what happens if they ban Apple just as Huawi was banned in the USA. Apple is only the tip of the iceberg, thousands of American companies have set up shop in China, every one of them vulnerable in this trade war. For international trade the next 5 years are going to be years of financial carnage.
How far can the USA take this game to?
why he is not creating jobs in pakistan nepal iran turkey they are much more in need
Comments are closed.