Jack Ma Says the Trade War Is the ‘Most Stupid Thing’
- Roche’s chairman joins Ma in condemning U.S.-Chinese trade war
- Ma’s been a vocal opponent of using tariffs to contain China
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Billionaire Alibaba co-founder Jack Ma called fighting over trade senseless and decried once again a widening conflict between the U.S. and China.
China’s richest person -- who warned just last month that a trade war could last two decades -- argued it was pointless to target goods because the Asian nation was on its way to becoming a major buyer of foreign products. Indeed, it’s services -- such as those on the internet -- powering job growth, not old-school manufacturing, the outgoing Alibaba Group Holding Ltd. chairman told a business forum Monday.