Americans should be patient with President Donald Trump because he hasn’t been in the White House for very long, billionaire Alibaba founder Jack Ma told CNBC on Tuesday.
“You may not agree with him,” said Ma, the executive chairman of the Chinese e-commerce behemoth. But he urged people to give Trump a chance. “You can never achieve something within one year.”
“At least he’s trying,” Ma added in an interview on “Squawk Box” from Starbucks‘ new 30,000 square-foot megastore in Shanghai.
Throughout his presidential campaign, Trump railed that China was allegedly stealing U.S. jobs while promising to keep work in America. Candidate Trump had also vowed to call China a currency manipulator on his first day in office. But as president, Trump has been rather cozy with China, meeting President Xi Jinping in Beijing and in the U.S.
When asked whether the China is taking jobs, Ma said, “China is not stealing jobs; we are creating a lot of jobs.” Earlier this year, Ma met with then-President-elect Trump and promised to bring 1 million small U.S. businesses onto its platform.
“A lot of companies succeed in China. Starbucks did excellent in China,” said Ma, whose Alibaba created an augmented reality experience within the new Shanghai Reserve Roastery, which opened on Tuesday.
“Microsoft did excellent in China,” Ma continued. “IBM did excellent in China. And we do not see a lot Chinese companies do[ing] excellent in the States. So we should work together.”
Alibaba's Jack Ma on Trump: Give the president a chance — 'at least he's trying'