Some experts said Ma's plan to bring 1 million jobs to the USA might have been overly ambitious in the first place.
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.
Just two years ago, Ma called U.S. President Donald Trump "smart" and "open-minded", after their meeting at Trump Tower in NY together. -China trade becoming increasingly contentious, the promise can not be fulfilled.
"On China-U.S. frictions, people should make preparations for the next 20 years", Ma said.
China on Tuesday hit back at the United States with tariffs on $60 billion worth of American goods, in a tit-for-tat move that came hours after President Donald Trump slapped duties on $200 billion worth of Chinese imports.
Ma had offered the company's e-commerce platform to help US businesses sell products to Asia, with the potential of creating up to 1 million American jobs, during a meeting with US President Donald Trump in New York City in January previous year. Beijing said it will retaliate with tariffs of its own.
Ma also said in the interview that he will keep making efforts to push for the healthy development of bilateral trade ties.
"The promise was made on the premise of friendly U.S".
"The US like competition, China likes harmony, they're two different cultures", Ma said at an investor conference in Shanghai on Tuesday.
But the dispute between the world's top two economies has swiftly escalated since Trump took office, with a series of tit-for-tat tariffs imposed on billions of dollars' worth of goods by both countries.
"That premise no longer exists today, so our promise can not be fulfilled", he said. In China, American food and products have a very high reputation.