Alibaba’s Ma Wants to Avoid U.S.-China Trade War at all Costs
- Billionaire chairman wants to give President-elect more time
- Consequences would be so grave that he’d sacrifice his company
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Alibaba Group Holding Ltd. Chairman Jack Ma said that a trade war between the U.S. and China would spell disaster for the world, and that he’d do anything in his power to prevent it from happening.
"I think that China and the U.S. should never have a trade war, will never have a trade war, and I think we should give President-elect Donald Trump some time -- he’s open-minded, he’s listening," Ma said at the World Economic Forum in Davos, Switzerland.