President-Elect Trump: We Are Going To Create A Lot Of New Jobs

11 January, 2017, 00:44 | Author: Elaine Woods
  • Trump jack

Small U.S. companies that specialize in nutrition, supplements, and baby productsshould do well on Alibaba's platforms, said Cavender.

As the executive chairman of Alibaba, Ma met with Trump to discuss plans to create 1 million new U.S.jobs over the next five years, according to CNBC.

President-elect Donald Trump made an appearance with Chinese entrepreneur Jack Ma, the founder of Alibaba, Monday - and expressed unreserved confidence in his own Cabinet picks.

Similar to its focus in Australia, Alibaba wants U.S. small businesses and farmers to sell products and services through Alibaba's platforms to China and Asia.

Ma and Trump discussed their approach towards the creation of 1 million jobs in the U.S., particularly by enabling small and medium-sized business organizations to make their commodities available to China by means of various platforms.

Shares of Alibaba rose more than 1 percent on today's news.

When Trump and Ma emerged, the president-elect said it was "great" meeting; Ma nodded.

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Like plenty of domestic corporations, Ma is trying to adapt to Trump's agenda.

Alibaba's executive Chairman was then asked whether Trump expressed a different view about working with China.

"That was a big deal", said Bishop, adding that Ma clearly wants to build a personal relationship with Trump, given the uncertain state of U.S. "This, in turn, will help create American jobs and increase USA exports", Ma wrote in a 2015 opinion piece published in The Wall Street Journal. "I think the door is opened for discussing the relationship on trade issues". SoftBank's CEO Masayoshi Son is on the Alibaba board.

In other words: Alibaba is not directly creating 1 million U.S.jobs, and its "plan" to indirectly spur such job growth seems to have been formed long before Trump's election.

In an opinion piece for the Wall Street Journal in 2015, Ma pointed to the enormous size of China's middle class which has a large disposable income and growing demand for foreign goods as a potential market for foreign sellers.

Meanwhile, Alibaba has run into hurdles in the U.S. with its Taobao platform being labelled a "Notorious Market" by the U.S. Office of the Trade Representative thanks to apparent high levels of counterfeit goods, Bloomberg reported.

As it happens, Trump's pick for SEC chair advised Alibaba on its initial public offering.

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