Alibaba Pulling Back on Million US Job Proposal Due to Trade War

Ma promised the recruitment drive during a meeting with Mr Trump in January 2017 but made a U-turn amid an ongoing trade war, a move that is certain to rattle President Donald Trump.

"The promise was made on the premise of friendly US-China partnership and rational trade relations", Ma told Chinese newspaper Xinhua on Wednesday.

Reiterating the need to focus on long-term plans instead of short-term ones, Ma called the growing dispute a "huge opportunity" and said: "If Alibaba cannot sustain and grow, no company in China can grow". With all this fuss about the trade relations between the U.S. and China, this is bound to be just beginning.

Ma expressed his thoughts while speaking at the Alibaba investor conference in Hangzhou shortly after the Trump-led US administration announced impositions of duty tariffs on an extra $200 billion worth of Chinese imports and China announcing retaliatory measures on import of USA products.

In the Xinhua interview, Ma said Alibaba "will not stop promoting the healthy development of China-US trade".

One million jobs would be close to one percent of all jobs in the United States - meaning that successfully delivering on the pledge would make Alibaba one of the country´s largest private employers.

In April Ma doubled down on his pledge, claiming 10 million jobs could be created "if China and the United States maintain good trade relations".

On Monday, Trump announced that the USA would impose 10 per cent tariffs on an additional US$200 billion worth of Chinese products from September 24, with the tariff rate increasing to 25 per cent on January 1 next year unless China makes concessions. He said that trade is not a weapon and shouldn't be used for wars.

Analysts said the early withdrawal of Ma, the charismatic face of a company that has revolutionized how and what China's people consume, will challenge Alibaba to carry on Ma's vision amid rising competition. "Trade should be the propeller of peace".

Ma announced this month he would step down as head of the pioneering Chinese e-commerce giant in one year, handing over to CEO and anointed successor Daniel Zhang. The 54-year-old former teacher repeated his desire to pursue a new career, likely in the field of education.

Related News:

  • Cristiano Ronaldo left the field in tears after questionable red card

    The former Inter Milan defender went down, and Ronaldo reacted angrily - appearing to grab his hair, sparking a mini-brawl. Little matter, as the decision stood and Ronaldo walked back to the dressing room with tears in his eyes, visibly shaken.
    Auto  incident outside London Mosque 'not being treated as terror-related'

    Auto incident outside London Mosque 'not being treated as terror-related'

    The force said the driver failed to stop and that officers are "keeping an open mind as to the cause of the collision". TWO people have been taken to hospital after a vehicle collided with them outside an Islamic centre in north London .
    Williams' US Open treatment divides tennis world

    Williams' US Open treatment divides tennis world

    Martin and others pointed to a cartoon by an Australian artist as the clearest example of the stereotype facing black women. Belarusian player Victoria Azarenka , commenting on the coaching issue, said it bothers her to have inconsistent rules.
  • U.S.  storm evacuees wait as floodwaters rise

    U.S. storm evacuees wait as floodwaters rise

    Classen said hog farmers draw down lagoon water levels during hurricane seasons, which allows the open pits to absorb heavy rains. Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc .
    Trump pledges strong federal support for hurricane-stricken Carolinas

    Trump pledges strong federal support for hurricane-stricken Carolinas

    In South Carolina, floodwaters heavily affected some crops, Agriculture Commissioner Hugh Weathers told Southern Farm Network . Heavy flooding from Hurricane Florence is causing a pig poop problem in North Carolina. "Our state took a gut punch, Mr.
    Oil prices fall as US-China trade war clouds demand outlook

    Oil prices fall as US-China trade war clouds demand outlook

    Brent may fall more than $1 to $76.37 a barrel while WTI crude prices may revisit the September 14 low of $67.94, he wrote. On the New York Mercantile Exchange, West Texas Intermediate futures edged down 0.17% to $69.73 a barrel.
  • OnePlus 6T and Type-C Bullets Headphones Teased by Amazon India

    OnePlus 6T and Type-C Bullets Headphones Teased by Amazon India

    The page doesn't mention the official launch date but interested users can stay updated by tapping on the "Notify Me" button. Also, compared to the current flagship, the OnePlus 6T will not have a fingerprint sensor on the back.
    NASA's planet hunter shares first image

    NASA's planet hunter shares first image

    NASA has released the first image from its new space telescope, called the Transiting Exoplanet Survey Satellite (TESS ). TESS managed to grab the image by using all of its four cameras for a 30-minute period on Tuesday, August 7th.
    Amazon now 3rd-biggest digital ad seller in US

    Amazon now 3rd-biggest digital ad seller in US

    The CFO also noted that global ad sales, while still much smaller than in North America, are growing just as quickly. Amazon is attractive to advertisers looking for insight into the impact of their ad buys on purchases.
  • One Plus is developing its First Smart TV! ONEPLUS TV

    One Plus is developing its First Smart TV! ONEPLUS TV

    With OnePlus now emerging as a challenger in the TV industry, TV giants like Sony and Samsung could face some serious competition. For example, their current offering, the OnePlus 6 , can take on the iPhone X in terms of performance at a $530 selling price.
    Donald Trump Jokes with Storm Victim After Boat Lands in His Yard

    Donald Trump Jokes with Storm Victim After Boat Lands in His Yard

    Residents stood along streets and sidewalks and pointed out damage, including a beached yacht lodged against one resident's deck. Some critics said the president's trip took on the tone of a victory lap for successful disaster management.
    Cathay Pacific plane’s new paint job results in huge typo

    Cathay Pacific plane’s new paint job results in huge typo

    And although the airlines believes it was down to a mistake, an engineer for Haeco - Cathay Pacific's sister company - isn't convinced.


Most liked

Machines to Handle More Than Half Workplace Tasks by 2025
It also estimates that while that trend could displace 75 million jobs globally by 2022, it'll create 133 million new positions. Humans will account for the remaining 58% of the work, down from the current task hours of 71%, wrote the WEF.

Prime Minister Theresa May: There will be no second Brexit referendum
But the path to the seems far from clear, with the European Council President, Donald Tusk , warning the UK's proposals will need to be reworked.

FDA: Teen Vaping Is An Epidemic
The data come from the 2016 National Youth Tobacco Survey, which includes more than 20,000 students nationwide. The survey involved almost 20,700 middle and high school students from both public and private institutions.

Cryptocurrency Exchanges At Risk Of Manipulation
The attorney general concludes the report with a list of eight questions that exchanges should be able to confidently answer. Now, after months of investigation, the New York Attorney General's office has made its findings public.

Russian Federation to study Israeli data related to downed plane
Ronen Manelis expressed his regret over the downing of the plane but placed the blame exclusively on the Assad regime . Putin accepted Israel's offer to share detailed information on the airstrike, the Kremlin said Wednesday. -Gen.

Galaxy A7 (2018) is Samsung\'s first triple-rear-cam phone
In the United States , some network operators are ready to flip the switch on 5G for consumers late this year. The Samsung Galaxy A9 Star Pro is also said to have a dedicated Bixby button and a 3.5mm headphone jack.

Get flu shot now — CDC urges
Last year, seasonal influenza hit epidemic levels for 16 straight weeks and more than 700,000 people were hospitalized. Have a needle phobia? If children don't get sick themselves, they can't spread the flu.

Alibaba’s Jack Ma says US-China tariff war could last 2 decades
He announced last week that he will step down from Alibaba in a year's time, handing over the reins to CEO Daniel Zhang . He has expressed a desire to follow in the philanthropic footsteps of Microsoft founder Bill Gates.

Coke in talks to make cannabis-infused drinks
Marijuana becomes legal across Canada on October 17. " The space is evolving quickly. No decisions have been made at this time", read the statement.

Red Dead Redemption 2 Online Beta Announced For November
Rockstar has revealed their plans for Red Dead Online , the multiplayer component of Red Dead Redemption 2 . Red Dead Redemption 2 is slated to release next month on PS4 and Xbox One on October 26.

Cristiano Ronaldo's red for Juventus against Valencia was harsh
However, ten men Juventus went on to win the match 2-0 with two goals from Miralem Pjanić. After receiving a straight red, Ronaldo walked away and into the dressing room in tears .

North Korea pledges to close down key missile test site
Trump also confirmed that he received "a tremendous letter" from North Korean leader Kim Jong-un, delivered "three days ago". The hope is that it will kickstart talks between the USA and North Korea which have stalled.

Trump slams Sessions again: ‘I don’t have an attorney general’
President Donald Trump is renewing his attacks on Jeff Sessions , saying, "I don't have an attorney general". Mueller III is focusing on whether Trump's campaign coordinated with Russian Federation .

Trump defends Kavanaugh after sexual assault allegation
The fact that both Ford and her lawyer appear to be extremely liberal is also a relevant, though hardly a determinative reality. In the session, Ford described an attack during her high school years, although she did not name Kavanaugh explicitly.

Woman Accusing Judge Kavanaugh of Sexual Assault Wants FBI Probe
Democratic Senator Dianne Feinstein of California responded on Twitter by writing, "Fact check: The FBI can investigate Dr. Any defections from Republicans' narrow Senate majority could sink the nomination and deal a major setback to Trump.