Alibaba's Jack Ma Offers Trump 1 Million American Jobs
Alibaba Group Holdings founder Jack Ma has offered to create an estimated one million jobs for American workers through its e-commerce and online shopping platforms during his meeting with US president-elect Donald Trump on Monday.
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Ma told Trump that his company would help US businessmen to sell their wares to Asia and create one million US jobs to realize Trump's campaign promise of providing jobs for the American people.
During their one-hour meeting at New York's Trump Tower, the two billionaires discussed ways in improving and strengthening mutual trade with Ma offering his online shopping business that would allow US entrepreneurs to sell their products to China and Southeast Asia.
This was the first meeting of the president-elect with a high profile businessman from China following his anti-China rhetoric and actions that included a threat to impose a 45 percent tariff on all China-made goods and a selection of China critics for trade positions.
Ma's offer would provide an opportunity for Trump to realize one of his campaign promises, which was to provide more jobs for the American people and boost US trade and commerce.
The meeting was also one way for Trump to de-escalate the tensions between the two sides that have been created by his trade policies against Beijing.
According to a recent economic report, Chinese buyers are expected to spend more than US$ 150 billion on imported products by 2020.
Ma said the partnership is a vital step in increasing its revenues and would pave the way for the realization of his vision where at least 40 percent of the company's business profits would come from overseas in the next 10 years.
"We want to help U.S entrepreneurs, small business owners, and brands and companies of all sizes sell their goods to the growing Chinese consumer class," Ma said in a press briefing right after the talks.
"Chinese consumers will get to buy the American products they want. This, in turn, will help create American jobs and increase U.S. exports."
Although details of the meeting have been sketchy, Chinese economic analysts said that the talks between the two businessmen was a "good sign" and a "positive signal" for the Sino-US trade relations under the Trump presidency.
"This is a sign that Trump is leaving the door open for pragmatic cooperation with Chinese firms which he thinks could help the US economy and create jobs," Bai Ming, a Chinese academician, told the state-run newspaper the Global Times.
During Trump's campaign sorties, he had repeatedly attacked China for allegedly robbing jobs from US workers and vowed to punish the Asian giant by promising to impose a 45 percent tariff on all China-made goods once he becomes US president.