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China trade war could last 20 years: Jack Ma

China trade war could last 20 years: Jack Ma

Trump said after the meeting that "Jack and I are going to do some great things", bringing more than 1 million small American small businesses onto Alibaba marketplace Tmall and Taobao to sell to Chinese consumers over the next five years.

In a Xinhua News Agency interview published Tuesday, the billionaire business magnate said the jobs promise - originally floated early past year - had been predicated on a "friendly U.S".

"[The] current situation has already destroyed the original premise", Ma said. "There is no way to deliver the promise".

Earlier on Tuesday, Washington said it would impose duties on an extra $200 billion worth of Chinese imports, drawing a warning from Beijing that it would retaliate.

Eden Hazard is out of Chelsea's Europa League clash
He then returned and has been on top form for the side, now leading the race for the Golden Boot with five goals in five games. Hazard began Chelsea's first two league games on the bench but has been handed a rest after starting their last three games.

While the tech billionaire dismissed speculation that geopolitical headwinds played a part in the surprise announcement of his retirement last week, he acknowledged that the ongoing spat with China's largest trade partner is hurting Alibaba's business. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Weeks earlier, Alibaba's Ant Financial affiliate suffered a bigger disappointment when it scrapped its $1.2 billion plan to buy USA money transfer specialist MoneyGram International after failure to get clearance from US regulators.

Ma has grown increasingly critical of the trade battle between the United States and China, warning that it will damage businesses around the world.

In January 2017, Mr Ma met with US President Donald Trump, outlining a plan to increase Alibaba's presence in America and strengthen relations between the two countries.

Meet Yusaku Maezawa, first SpaceX moon tourist
He said then that two people who know each other approached the company about a weeklong flight to the moon and back. Musk cautioned at the news conference that SpaceX is not certain about the 2023 timing for the moon tourism mission.

Ma first announced plans to create the USA jobs during a meeting with Donald Trump in January 2017, before Trump's inauguration.

Ma said in the open letter that he had made preparations for a 10-year succession plan in order to cultivate a system of corporate governance based on culture and mechanism for developing consistent talent and successors.

But Ma, who recently announced plans to step down, isn't anxious about his company.

Cristiano Ronaldo WILL NOT miss out on emotional return to Manchester United
And Lippi could not hide his bemusement at the decision, which saw Ronaldo break down in tears on the Mestalla pitch. The Uefa panel studies all red-card cases and has the power to extend the mandatory one-game ban.


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