Alibaba Group termed US-China Trade war as the “most stupid thing”

The Chief of Asia’s most popular public company, Alibaba Group Holiday Ltd., Jack Ma has termed the trade war between the United States and China as “most stupid thing in this world.”

Both the nations have set tariffs on hundreds of billions of dollars at each other goods and United States President Donald Trump has threatened to impose tariffs on the remained $500 billion exports of China to the US, if the trade war does not end at the earliest.

Jack Ma comments at the CIIE (China International Import Expo) organized in Chinese commercial hub of Shanghai.

Trade war of the US deficit with China, which the US President blamed as several economic ills, which has helped to render jobs to people of the United States and without it, the country would have suffered big job crisis, added Mr. Ma.

Shifting of China to an import model is “going to be a huge pain for a lot of businesses, but it’s also going to make a good opportunity for a lot of consumers,” believes the Chief of Alibaba Group.

He continued that “My view is, ‘Don’t worry about technology’.”

“The people who worry about technology are first, older people, second, government and third, successful people; they hate it and worry about it,” added Ma, “I never see young people worry about technology.”

by Banani Sarkar on November 5, 2018

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