Jack Ma Wants to Avoid U.S.-China Trade War at all Costs

Jack Ma Wants to Avoid U.S.-China Trade War at all Costs

Alibaba 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, according to Bloomberg. "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.

The consequences of a trade war between the world’s largest and second-largest economies would be so grave that Ma said he’d even sacrifice his own company if that would prevent such a conflict. Ma said he and Trump didn’t specifically discuss trade earlier this month when the two met in New York, or Trump’s labeling of China as a currency manipulator, or the U.S. losing jobs to countries like China. "In America there is freedom of speech so he can say whatever he wants,“ the Chinese billionaire said. “I respect and understand, but of course I have my views.

Ma also defended Alibaba’s efforts to counter piracy on its sites after being recently put back on the list of “Notorious Markets“ compiled by the U.S. Office of the Trade Representative. "Fighting against fake products is a war against human greediness. It’s not easy and you can’t finish it," Ma said at Davos.