Alibaba CEO believes that the trade war between the US and China can be dragged on for 20 years


The founder and head of the Chinese Internet giant Alibaba, Jack Ma, during a conference in Hangzhou said that the US trade war with China could drag on for 20 years. In his opinion, the war will have more influence on the world than it is expected. He also said that he did not see quick solutions in this situation. American companies can buy wholesale Chinese goods on the Alibaba platform, which will also suffer from increased trade disputes. Ma, however, believes that in the current situation for business there are not only obstacles, but also unprecedented opportunities that need to be used. New duties on Chinese goods are of concern to American automakers and representatives of the US agro-industrial complex, Governor of Michigan, Rick Snyder, told CNBC.

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