Home Business Life Trump-China Trade War: Alibaba Backpedals

Trump-China Trade War: Alibaba Backpedals

326
0

Alibaba is one of the most valuable companies in the world.

 

In a meeting in January 2017, chairman Jack Ma stated that the company was planning on getting American small businesses to sell on its platforms within 5 years.

 

Therefore it would create a million jobs in the U.S.

 

But things don’t always go as planned.

 

The day before, Trump decided on a 10% tariff on about $200 billion worth of Chinese imports.

 

China announced new trade tariffs on $60 billion of U.S. goods as a response.

 

At an investor conference in Shanghai on Tuesday, Ma stated that this situation would lead to ‘’a mess’’ for both parties, Reuters reported.


Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

LEAVE A REPLY

Please enter your comment!
Please enter your name here