Toyota To Invest $10 Billion In America As Jack Ma Meets Trump To Discuss Creation Of 1 Million US Jobs

Tyler Durden's picture

While there are many questions about the sincerity, not to mention underlying viability of his company (which many skeptical investors have accused of being an accounting shell whose operations raise many questions), moments ago Alibaba's Jack Ma appeared at the Trump Tower for a meeting with Donald Trump, where according to CNBC, he will discuss plans to create 1 million new U.S. jobs over the next five years.  The Monday meeting will focus on the Chinese e-commerce company's U.S. expansion plans, according to spokespeople for both Alibaba and Trump.

It is unclear why Beijig would be ok with Ma creating 1 million jobs in the US and not China, but let's ignore that for now.

While the meeting comes amid tensions between China and the Trump administration as a result of the proposed steep tariffs on trade with China, Trump has shown more tolerance at the micro level in his discussions with prominent Asian businessmen and investors, like SoftBank's Masayoshi Son, who recently assured Trump he would create 50,000 jobs in the US.

Ma previously told CNBC that he wasn't worried about anti-China sentiment on the presidential campaign trail. "Somebody has to stand up and say hey, we should not be anti-trade," said Ma. Alibaba's wide-ranging set of international businesses, from financial services to e-commerce to logistics, have managed to dominate many of America's tech companies in China.

A deal with Ma could be adverse news for one of his bigger competitors, Jeff Bezos. Trump also repeatedly been critical of Bezos (who owns the Washington Post) and his internet retail giant Amazon, which like Alibaba, offers cloud services and a marketplace for third-party sellers. Trump has said Amazon will have "such problems" during his presidency, because of their tax structure.

That said, Alibaba has a complicated relationship with U.S. regulators. The company faced an SEC investigation about its accounting methods last year, and its property, Taobao, has been rebuked by American trade officials for allowing sale of counterfeit goods.

* * *

And in separate news, following last week's Trump-tweeted barb aimed at Toyota, the Japanese car giant said it plans to invest $10 billion in the US over the next 5 years.

Speaking in an interview with Bloomberg TV, Toyota's North American CEO, Jim Lentz, said that his company "understands what President-elect Trump wants to do." He noted that Toyota does build Corolla in U.S. as well, adding that Toyota is a “relatively small player in Mexico."

Hinting that Toyota, like other carmakers, are hoping Trump will postpone draconian emmision regulations enacted by the Obama administration, he said that Toyota "seeks predictability on emissions standards." 

Amusingly, Lentz said that Toyota does best with high consumer confidence, low interest rates... as do 100% of all other companies. Still, it may have been the latest hint to Trump to keep rates as low as possible, which may be problematic if Trump's fiscal stimulus boost inflation, giving the Fed no other option than hiking faster than expected in an attempt to contain inflation.

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Safelyundergroundlul's picture

Would love to have a cup of tea with Barry right about now. 

froze25's picture

President's in the past have ordered the Fed Reserve boards member's and heads to do as they are told before. They are far from independent.

Looney's picture

Would love to have a cup of tea with Barry right about now

He’s been asking for a cup of polonium-laced tea. Asking for it! ;-)

Looney

y3maxx's picture

Barrack Obama started with a Nobel peace prize and is ending his Presidency with the Pentagon's Distinguished Public service medal.
"Sounds about right for a president who bombed 7 nations and became the first in U.S. history to be at war every single day of his eight year administration."

 The "Pentagram" medal is for meeting or exceeding the Military Industrial Complex quota all eight years in office (he also got a set of Steak Knives and a mug of Golf tees). Probably got a "Groupon" for everyone's favorite Pizza Place too.

Obama's the Mass Murderer and Chief, and he will be paid millions by the defense contractors he enriched, the banksters he kept out of prison and the drug pushers in lab coats (to whom he granted multi-generational, endless amounts of taxpayer money).

 

"Just remember America, as Obama signs 'The Ministry of Truth' act into reality, "War is peace, freedom is slavery, and ignorance is strength."

 

Ron Paul et al

 

 

Luc X. Ifer's picture

Being at war every single day of the two terms sounds to me like a state of a nation at war with the whole world, so ww3 is indeed a war between US & the rest of the world

BullyDog's picture

That's a lot of ISIS trucks that can be built.   Where they exporting?   Europe / Asia?

Son of Loki's picture

"Job creation is raycist!"

 

~ Soweetero bin Bama

Notveryamused's picture

SHORT AMAZON!!! Trump is going to F*ck Bezos up any and every which way possible while making life as easy as possible for Amazon competitors.

EASIEST SHORT EVER!!!

(As though Trump would ever forgive Bezos and Washington Post.)

Paul Kersey's picture

What if there really is no Jack Ma, and what we are seeing is just a giant Asian Charlie Brown bobblehead

 

http://picclick.ca/FUNKO-POP-Peanuts-Charlie-Brown-48-Vinyl-Bobble-13195...

SWRichmond's picture

Perhaps I am being hopeful, and perhaps also these are just hopey-PR announcements by the various companies....but is it possible that capital would like to come to the US if it had a chance to succeed, absent the ridiculous regulatory environment, jobs-crushing Obamacare, etc?

greenskeeper carl's picture

I don't believe for one second that alibaba is going to create a millionUS jobs. But, it's a pretty big fuck you from trump to bezos that I find pretty funny.

Son of Loki's picture

Alibabab has been dying to get a foothold in this market and will be a challeneg to Amazon---good for the American people who get jobs, as well as more competition for lower prices.

Bad for Amazon shareholders for sure. bezos shot himself in the foot supporting the war crimianl Osama bin Bama. While he and wapo and multi-millionaire lib celebs bash Trump, he is busy building America and creating jobs for the middle class after 8 years of destruction.

Xena fobe's picture

Let Alibana in to preserve Chinese trade?  No thanks.

Raffie's picture

Are we not seeing the auto markets plunging?

By the time they get this going there maybe nothing left here.

Maybe they doing this to look good because they know the facts as well.

We will have to wait and see.

larz's picture

Question everything

NugginFuts's picture

Queue song: "All I Do Is Win"

Jason T's picture

how about "everybody loves a winner' from kickboxer.. a little Asian sound to it.

King Tut's picture
King Tut (not verified) Jan 9, 2017 12:12 PM

What a bunch of fucking BS

gatorengineer's picture

Should have gone big and made it 100 billion and 10 million jobs... Does it really matter?

jus_lite_reading's picture

Oh, another snowflake libturd still butthurt. Fuck off to Salon or whatever libturd rag you came from.

Yen Cross's picture

  The fucking BoJ owns the bond and equity markets in Japan. They ran out of shit for their PONZI to buy.

    Japanese "unsensored porn" still has promise.

Soul Glow's picture

This is getting a little suspicious....I'm all for makingAmerica great again, but what is the incentive other than trade wars?  Maybe Trump calling everyone's bluff on trade wars is a genius move afterall.

Yen Cross's picture

  I feel like I'm standing in a giant cardboard house of mirrors built on a set of [BNI] tracks.

 Trump is making deals his[taxpayers] wallet can't cover.

Soul Glow's picture

Yeah I'm having a tough time of it.  I think even though Trump was obviously the better pick over Clinton, he is going to preside over the bankrupcy of America, which is something he is good at - preciding over bankrupcy.  Which would be fine as I expect the house made on sand Obama, Bill Clinton, and Bush built to collapse at some point yet Trump has the same Goldman lackeys in the Treasury that they had.  So basically as Obama wowed liberals with his magic globalism, Trump is wowing republicans with his domestic policy.  

But it looks hollow to me.  Corporate promises too good to be true.  I hope I'm wrong and Trump does bring jobs back here, but I'm ever the skeptic of Beltway politics.

King Tut's picture
King Tut (not verified) Soul Glow Jan 9, 2017 12:33 PM

It's not paranoia if they're really out to get ya.

Cynicles's picture

Currently holding out for his SCOTUS pick. 

Lists and promises are tired old political tricks [that work every time].
Some viable action is for what we yearn.

Yen Cross's picture

  Great comment. I couldn't agree more.

   I'm just very sceptical by nature, because I've been fucked over a few times.

  Trump is a loose cannon, and it's starting to show. Some of his cabinet picks are horrific. 

  He can't make his fucking mind up with Russia, and then parades that assclown Priebus on Sunday news to guage the situation.

   Trump has a lot of learning to do.

jus_lite_reading's picture

And being skeptical is good but give him a chance, will ya? I believe the SWAMP has very long arms and he must play 4D chess with the Squid. Do you know what is going on behind closed doors or what he has planned 5 steps in advance? No? Then relax and enjoy a nice Russian vodka.

detached.amusement's picture

I'm just hoping we get to see long strings of "you're fired!" when these poor picks fuck up

sleigher's picture

Castles made of sand, melt into the sea, eventually.

 

RIP Jimi...

SharkBit's picture

Going to be delicious watching Obozo neo-liberal circle of snowflakes and fake propaganda melt away into the history books.

Red Wire's picture

Hi all, 
I just made a new video of the S&P500 and where I think it is headed for the next couple of weeks to months. Check it out here and subscribe to me on YouTube:

https://www.youtube.com/watch?v=RCFoxfGw8tw

jamesmmu's picture

Don;t make deal with Jack Ma, the guy runs a amzon like company sells 70% of fake products. Having his products in US only makes US to lose more jobs than he help to create. Bascially Chinese likes to fake all the luxuxy products and sell them in a cheaper price. DONT make deal with them.

SubjectivObject's picture

Jack Ma?

US jobs at third world wages?

All that new China property in the US being put to good use.

Rainman's picture

He said a million jobs .. not necessarily human jobs.

Yen Cross's picture

  This shit is laughable.

   If there's one thing I've noticed about Trump, he's not a follow through person.

   He leaves details to others, and it's troubling.

UselessEater's picture

nor did he say permanent jobs.... a typical lie told about construction projects to get local acceptance of another multi national doing what a local bunch of companies once did, is that jobs will be created but no one mentions they last a few days/weeks maybe months

gatorengineer's picture

Could be a million temp and permanent jobs building supply chain for Alibaba rubber dogshit warehouses in flyover country.  After all Americans can never get enough rubber dogshit.  Amazon this is aimed at you....

// //
Xena fobe's picture

Of course.  Ot's a way of guaranteeimg trade with China without tarrifs.

dchang0's picture

Maybe all the jingoistic ZHers who keep saying "chinks" will shut up now.

Trade brings peace, including racial peace. I've seen it firsthand--in Alabama, after Hyundai built a car-assembly plant there and gave jobs to white, destitute, laid-off textile workers, all of a sudden the anti-Asian racism went away.

LawsofPhysics's picture

Yes, of course, the issue now is that workers in both countries cannot afford to actually buy what they are producing...

"winning"...

Arnold's picture

Shake hands with a Chink on a business deal.

You will be missing fingers by the time you unclasp.

I don't care who you are.

wisehiney's picture

It's just an old habit.

When we were kids playing war, we were always killing chinks and japs.

Personally, I don't give a fuck who you are,

as long as you pull your own weight and we can mutually respect our history and culture.

If not, then you are  just another sorry ass nigger, wetback, chink whothefuckever.

Xena fobe's picture

Koreans and Japanese have been great trading partners and citizens.  That derrogatory term does not apply to them.

hound dog vigilante's picture

 

 

Trump accomplishing more during BO's lame duck period than BO did in 8 years.

 

BO must be on the verge of a emotional breakdown - having zero accomplishments is making it easy to sweep aside his entire existence, and he's powerless to stop/change it.  He had 8 years and wasted it all.  His massive ego is now being suffocated.

Objective Soul's picture

The way I see it:

Resident Obama did exactly what he was sent to do. For his employer, the CIA.