Jack Ma The trade war is stupid

Jack Ma The trade war is stupid The United States and China have slapped heavy new tariffs on huge swathes of each others exports this year The US government accuses China of stealing American intellectual property and forcing US firms to handover valuable tech

But US President Donald Trump has also repeatedly complained about his countrys $375 billion deficit in the trade of goods with China Ma argued Monday that the purpose of trade should be to promote peace and communication rather than conflict, and that the rise of protectionism is misguided "Nobody can stop the free trade," he said His remarks at the Shanghai event came hours after Chinese President Xi Jinping — in a veiled swipe at Trump — slammed a "winner-takes-all" approach to international trade The conference, the China International Import Expo, was organized by the Chinese government to promote the country as a market for imports from other countries

Investors are hoping a planned meeting between Trump and Xi at the G20 summit in Argentina later this month will help ease the trade tensions But Ma warned in September that the conflict between the two economic superpowers could last decades He also acknowledged that its hurting Alibabas business, which benefits from the flow of goods across borders Soon after Trumps election victory, Ma met him in New York and made the lofty pledge to create US jobs by helping American small businesses sell their products to consumers in China and elsewhere in Asia But in September, he said the plan — which some analysts had doubted from the start — was no longer possible

"This promise was on the basis of friendly China-US cooperation and reasonable bilateral trade relations, but the current situation has already destroyed that basis," Ma told Chinas official news agency Xinhua "This promise cant be completed" Shares in Alibaba are down more 30% from an all-time high in June

Source: Youtube

Comments

Post a Comment

Popular posts from this blog

Joel Embiid considers himself the James Harden of big men

Image
Coming into the season, the Philadelphia Sixers big man Joel Embiid was one of the favorites to win the NBA’s MVP award, an award that was won by the Houston Rockets ’ James Harden . An article in The Athletic details how Embiid thinks of himself as the ‘James Harden of big men’ and citing a story with Dwight Howard as an example: “An irate Howard complained to an official that the swipe-through move shouldn’t be rewarded but started to chuckle when Embiid whispered something as he walked to free throw line. Asked later what Embiid stated that was so funny, Howard shook his head and said, “Blame James Harden.” When reminded of that exchange with Howard, Embiid flashed a grin and added, “I did that three times in a row. He didn’t learn from it. And I did it again the next game and I was like, ‘You stupid or what?’ “I’ve said it before; I’m the James Harden of bigs. I know how to draw fouls....
Read more

"You mad Millennial bastard": road rage and our "hostility epidemic"

Har! Cop that, you mad little Millennial bastard! But he isn"t going to cop it. In fact – Jesus Christ! – he"s overtaking me, almost forcing oncoming traffic off the road, then cutting in so abruptly I have to brake to avoid a collision. He slows to a crawl and his arm comes out the window and jabs across the roof towards the grass verge on our left. He wants to fight. These are the moments when lives change. When warnings of catastrophe – of injury, death, prison, anguish, grief, penury – should pound like drums in our brains. When, according to experts, we should "remember our common humanity" and exercise forgiveness, or take deep calming breaths, or play soothing music, or speak to ourselves in "friendly, reassuring" tones. But, let"s face it, real anger drops its pants and moons such conventional wisdom. Depending on our personal reserves of the stuff, it can blind us to everything but the need to deal with whoever has wronged us so badly. Even w...
Read more

These men had their conviction for attempted child abduction overturned - here"s the bizarre reason why

Two men have had their conviction for attempting to abduct a child from a school overturned after a judge decided it was just a ‘stupid prank’ and had no ‘sinister motive’. Tariq Alsamaan and Carlton Tebbs dressed as security guards in a plan of ‘crass stupidity’ at Wellacre Academy in Flixton, Trafford, in 2016. They told staff they had been hired to take a pupil home because he was being bullied, and wanted to speak to him. Alsamaan told reception staff the boy needed to be escorted to and from school by security officers from now on. Tariq Alsamaan But their plan unravelled when the school’s headteacher became suspicious and called police. A court heard Alsamaan, then 21, was the ringleader and met Tebbs, then a 22-year-old shelf stacker from Scotland, through online gaming. Read More Alsamaan claimed he liked to play heroic versions of himself in fantasy games to escape his ‘low self-image’ in the real world. The pair w...
Read more