• Trade War Could Last 20 Years, Alibaba's Jack Ma Warns

    2 monthes ago - By WWD

    Alibaba's Jack Ma has become the latest to wade into the escalating tit-for-tat trade war between the U.S. and China, warning that it could last for two decades.
    Speaking at an investor day conference in Hangzhou, China, just hours after President Trump unveiled a raft of new tariffs for Chinese imports, the outgoing chairman of the Internet giant said if the dispute continues, it would be a “mess” for all parties involved.
    “Short term, business communities in China, U.S., Europe will all be in trouble...This thing will last long. If you want a short-term solution, there is no solution,”...
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  • New China tariffs will affect U.S. shoppers

    2 monthes ago - By Fashion United

    The announcement of the U.S. placing new tariffs on Chinese-made goods is escalating the trade war as China said it has no choice but to retaliate. The new tariffs are set to take effect on 24 September.
    Jack Ma, chairman of Chinese conglomerate Alibaba, stated Chinese businesses would move production to avoid the tariffs and called for stronger trade rules, at a speech to shareholders. “Even if Donald Trump retired, the new president will come, it will still continue...We need new trade rules, we need to upgrade the World Trade Organisation,” London's City AM newspaper...
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