CAMEROTA: OK, it's time for CNN "Money Now." America is in a trade war with China, and the result may be one million American jobs lost. Chief business correspondent Christine Romans joins us with more. What's this about, Christine?</s>CHRISTIE ROMANS, CNN CHIEF BUSINESS CORRESPONDENT: This is about a million job pledge that just vanished. Last year the Chinese tech billionaire Jack Ma promised to create one million new jobs in the U.S. Remember this high profile meeting with then President-elect Trump. Well, Ma is with him there. He runs China's biggest e-commerce company Alibaba. But now he says his plan to create a million jobs here is off. He told China's official news agency this, the promise was made on the premises of friendly U.S.-China partnership and rational trade relations. That premise no longer exists today. So our promise cannot be fulfilled. Alibaba confirmed to us Ma's comment. Ma has long expressed fear over a trade war between the U.S. and China, calling it a mess that could last two decades. His latest comments follow a fresh volley of tariffs. But analyst, I'll tell you, they have doubted Ma's million job pledge from the start. You know, Alibaba didn't plan on investing or building new factories here in the U.S. Instead, Ma wanted to help American small businesses and farmers sell their product in China. John.</s>BERMAN: All right, Christine Romans, thank you very much. A new season of CNN's "This is Life" returns this weekend. The premiere episode explores the dangerous street gang MS-13. Lisa ling, she's here with us. She will join us, next.
Trade War Kills Job Pledge