Jack Ma,chairman and founder of the Alibaba company, appears to be less certain about creating jobs in the United States than his previous public appearances have stated.
President Donald Trump has imposed a 25% tariff on Chinese goods worth $50 billion. The tariffs will affect nearly 800 products, and are expected to come into full effect on July 6th.
President Donald Trump urged China on Monday to “be strong and tight” on its border with North Korea. The comments came as the President is getting ready for a historic summit with North Korean leader Kim Jong Un.
The United States and China have reached a deal on measures to reduce the trade deficit between the two countries. The two largest economies in the world said that they had arrived at a consensus on how to “substantially” reduce the deficit.
The Trump administration has unveiled a list of hard-line demands as part of trade talks with China. The demands threaten to sabotage any hope for a diplomatic solution to the potential trade conflict between the US and the Asian country.