Is this what we can expect from Trump's deal making?

Seems like a smart move on Trumps part. Alibaba isnt industry. It is a marketplace in which you can sell your goods and thereby strengthen your industry. But them maybe i am misunderstanding something.

 

Misleading people....

 

You are. Don’t be fooled by the latest billionaire meeting at Trump Tower after which “great” progress in American job creation is claimed: Alibaba won’t create 1 million jobs in the U.S. as promised. Ma’s assertion that he’s going to create a million new jobs in the U.S. by helping small businesses sell products and services to China is a stretch. The Chinese e-commerce giant is merely upping its own investments to appeal to U.S. small businesses, providing them with incentives, such as user data and logistics capabilities, in hope that more American brands will sell items on its e-commerce sites. The increased demand for those U.S. goods from the Chinese middle class will prompt, it hopes, increased hiring as U.S. brands expand to meet the heightened demand. It's the old pyramid scheme.

In other words, it is a con job, much like many of Trump's other jobs promotions coming out of Trump Tower. This article will open your eyes. Trump is misleading the public. http://www.marketwatch.com/story/wh...eporting-trumps-bloated-job-claims-2017-01-18

 

Speaking of misleading people, read post #53.

 

Well you made one thing perfectly clearly you understand neither business, nor pyramid schemes.

 

You may be right. That's why I provided an expert opinion in post #53. Did you even look at it? It's important. I know one thing, a con job when I see one, and Alibaba is exactly that. The Trump team got caught. Alibaba had a one-day news cycle. After that you never heard of it again. One million jobs -- pf-f-f-t.

 

Based on our observations of international trade throughout the decades, we have learned a couple of things:

1) We know exports are better for economic growth, in the form of goods that are sold aboard to foreign consumers and the income generated in the Current Account in the Balance of Payments.

2) While manufacturing employment is unlikely to return as a result of exports, exporting does support the service sector of the economy.

3) Direct and indirect services employment embodied in US goods exports make up nearly 39% of the total employment supported by goods exports. More than 20 million people in more than 7 sectors owe their jobs to manufacturing.

Given these facts, I have no reason to disbelieve that firms utilizing Alibaba's services will create the jobs that it will create. Given that the U.S. is already one of the largest exporters, there is no reason to doubt that more than 1 million jobs will be created.

 

Hauling crap from point a to point b is a job and one that these days pays pretty damn good money.

An expert is a guy from out of town with a brief case. Ali Baba isn't a con Job any more than Sam's Club. or Amazon or any other retail outlet. China is the second largest economy in the world, unless the leadership screws the pooch which it might, and currently any sort of shot to get into that growing market is worth doing.