alibaba's jack ma says the u.s. will 'suffer more' in its trade war with china
in the new “cold war” between the u.s. and china, the u.s. seems to be winning so far—the dollar is booming while the renminbi is sinking, and the americans have a lot more chinese imports they can penalize with tariffs than china does american imports.
however, according to jack ma—the founder and outgoing executive chairman of chinese tech titan alibaba—it’s the u.s. that will end up losing out. speaking at the south china morning post‘s china conference in kuala lumpur, ma said the u.s. would “suffer more” and there was no logic behind the u.s.’s mass deployment of tariffs as a solution to the countries’ trade imbalance.
jack is trying to make the us look like the bad guy, so they can expand into the other asian countries - beware of the chinese and their motives -
thanks for your advice ... we are pretty ok over here ... only china is the one which is having much suffering ..
alibaba stock drop 4.7% as of today, monday. of course this ceo would want tarriff war to stop.
i would be saying same thing if i was a chinese national like jack ma due to my loyalty to china.
not true. who ever has the greater exports will suffer, and that's china!
take a look at china's economy. it's a train wreck right now. the us is winning the trade war.
i was first in china in 1982. in winter the only available vegetable was bai cai, a celery-like type of cabbage the authorities would dump on street corners in beijing and residents would just scoop it up. can’t wait to see china return to those good old days.
jack for every dollar the us looses china looses five. so what you are saying is mathematically impossible. if this goes into a full blown trade war us gdp will go from 4+ to 3+ and china gdp will go from 6+ to 1+ maybe -1. need to remember jack exports only account for 20% of us gdp and we now have fresh trade agreements with countries that represent about 65 to 75% of our exports.
i guess he means we will suffer more by not having the quality "made in china" goods.
what ever china says the opposite is true. i worked in china for 15 years. the factory’s are at the brink. the housing bubble is about to pop. they have a wellfair and pension crisis. they are in so deep dodo
folks, please stop shopping at walmart. buy america made products.
in my recent trip to walmart i spent a couple hours going through lables. you'll be shocked to know that 90% of items are made in chine. tools such as dewalt -made in china. dickie's, etc. things that you would think are made here are farmed out.
why does china sell very little into brazil? answer: tariffs
bring back all manufacturing will put you guys back to stone age.
the chinese media is saying the exact same thing,, imagine that...!
we should have stopped buying from china a long time ago.
not if we discontinue to buy anything made in china and purchase american made goods!!
ok correct me if i'm wrong. billions are going to china from america every year and have been for many years. china is stockpiling our money. at a certain point if this keeps up and tensions stay high china can unload all of those dollars causing massive inflation in america. war can be fought in many ways
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