Jack Ma said Trump’s trade war with China will wreck Alibaba’s plans to add 1 million US jobs (BABA)

• Alibaba chairman Jack Ma said that the US-China trade war will wreck the company’s pledge to help create 1 million US jobs.
• The comment, made in an interview with Chinese media outlet Xinhua, comes two days after Trump announced a fresh set of tariffs on $ 200 billion worth of Chinese goods.
• Ma also said that trade should be used as a tool for peace rather than a weapon.

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.

See the rest of the story at Business Insider

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See Also:

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• ‘All pain, no gain’: Trump latest round of tariffs is already getting blasted by lawmakers and business groups
• Trump reportedly wants to push forward with tariffs on $ 200 billion worth of Chinese goods despite new trade talks

SEE ALSO: ‘All pain, no gain’: Trump latest round of tariffs is already getting blasted by lawmakers and business groups