"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2018-10-02T21:27:58Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2018/09/27/jack-ma-alibaba.cnn-business"
data-branding-key=""
data-video-slug="jack ma alibaba"
data-first-publish-slug="jack ma alibaba"
data-video-tags="alibaba group,asia,business and industry sectors,business figures,business, economy and trade,china,companies,continents and regions,east asia,electronic commerce,jack ma,online and home shopping,retail and wholesale trade"
data-details="">
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2018-10-02T21:27:58Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2018/09/27/jack-ma-alibaba.cnn-business"
data-branding-key=""
data-video-slug="jack ma alibaba"
data-first-publish-slug="jack ma alibaba"
data-video-tags="alibaba group,asia,business and industry sectors,business figures,business, economy and trade,china,companies,continents and regions,east asia,electronic commerce,jack ma,online and home shopping,retail and wholesale trade"
data-details="">
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2019-12-10T19:06:32Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2019/12/09/economy-recap-lookahead-2020-yir-orig-bu.cnn"
data-branding-key=""
data-video-slug="economy recap lookahead 2020 YIR orig bu"
data-first-publish-slug="economy recap lookahead 2020 YIR orig bu"
data-video-tags="401k plans,banking, finance and investments,business, economy and trade,christine romans,compensation and benefits,donald trump,elections and campaigns,employment and income status,financial markets and investing,government and public administration,labor and employment,misc people,pension and retirement plans,personal finance,political candidates,political figures - us,politics,retirement and retirees,savings (financial),social and economic status,society,wall street,workers and professionals"
data-details="">
Video Ad Feedback
The Trump economy is good for his reelection. Will trade stand in the way?
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2019-12-03T14:31:49Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2019/12/03/trump-tariffs-trade-china-france-brazil-argentina.cnn-business"
data-branding-key=""
data-video-slug="trump tariffs trade china france brazil argentina"
data-first-publish-slug="trump tariffs trade china france brazil argentina"
data-video-tags="argentina,asia,brazil,business, economy and trade,china,christine romans,continents and regions,donald trump,east asia,economic policy,economy and economic indicators,government and public administration,government bodies and offices,international trade,international trade law,latin america,misc people,political figures - us,politics,south america,tariffs and customs,the americas,trade and development,trade regulation and policy,trade wars,us federal government,white house"
data-details="">
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2019-09-25T17:43:58Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2019/09/25/markets-now-anthony-scaramucci-trump-china-trade.cnn-business"
data-branding-key="markets-now"
data-video-slug="markets now anthony scaramucci trump china trade"
data-first-publish-slug="markets now anthony scaramucci trump china trade"
data-video-tags="anthony scaramucci,asia,business figures,business, economy and trade,china,continents and regions,donald trump,east asia,economic policy,economy and economic indicators,government and public administration,government bodies and offices,international trade,international trade law,political figures - us,politics,tariffs and customs,trade and development,trade regulation and policy,us federal government,white house"
data-details="">
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2019-09-11T13:49:08Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2019/09/11/china-trade-tariff-waiver-us-imports-first-move-romans-lkl-vpx.cnn"
data-branding-key=""
data-video-slug="china trade tariff waiver us imports first move romans lkl vpx"
data-first-publish-slug="china trade tariff waiver us imports first move romans lkl vpx"
data-video-tags="asia,beans and legumes,business and industry sectors,business, economy and trade,china,consumer products,continents and regions,east asia,economic policy,economy and economic indicators,exports and imports,food and drink,food products,international trade,international trade law,kinds of foods and beverages,tariffs and customs,trade and development,trade regulation and policy"
data-details="">
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2019-09-05T22:19:43Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2019/09/05/manufacturing-trade-war-orig.cnn-business"
data-branding-key=""
data-video-slug="manufacturing trade war orig"
data-first-publish-slug="manufacturing trade war orig"
data-video-tags="banking, finance and investments,business and industry sectors,business, economy and trade,christine romans,economic indicators,economic policy,economy and economic indicators,financial markets and investing,international trade,manufacturing and engineering,manufacturing industry,misc people,securities trading,stock indexes,stock markets,trade and development,trade regulation and policy,trade wars"
data-details="">
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2019-08-30T14:13:46Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2019/08/30/peter-navarro-defends-trump-china-tariffs-white-house-trade-adviser-sot-qmb.cnn"
data-branding-key=""
data-video-slug="peter navarro defends trump china tariffs white house trade adviser sot qmb"
data-first-publish-slug="peter navarro defends trump china tariffs white house trade adviser sot qmb"
data-video-tags="asia,beijing,business, economy and trade,china,continents and regions,donald trump,east asia,economic policy,economy and economic indicators,government and public administration,government bodies and offices,international trade,international trade law,misc people,peter navarro,political figures - us,politics,tariffs and customs,trade and development,trade regulation and policy,trade wars,us federal government,white house"
data-details="">
Video Ad Feedback
Trump trade adviser defends China tariffs: They're working
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2019-08-07T21:16:30Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2019/08/07/trump-tariffs-trade-war-china-iphone-shoes-julia-chatterely-orig.cnn-business"
data-branding-key=""
data-video-slug="trump tariffs trade war china iphone shoes julia chatterely orig"
data-first-publish-slug="trump tariffs trade war china iphone shoes julia chatterely orig"
data-video-tags="business, economy and trade,donald trump,economic policy,economy and economic indicators,exports and imports,government and public administration,government bodies and offices,international trade,international trade law,political figures - us,politics,tariffs and customs,trade and development,trade regulation and policy,trade wars,us federal government,white house"
data-details="">
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2018-10-03T17:45:32Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2018/10/03/what-a-trade-war-looks-like-orig.cnn-business"
data-branding-key=""
data-video-slug="what a trade war looks like orig"
data-first-publish-slug="what a trade war looks like orig"
data-video-tags="animals,birds,business, economy and trade,economic policy,economy and economic indicators,international trade,international trade law,life forms,tariffs and customs,trade and development,trade regulation and policy,trade wars"
data-details="">
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2019-05-23T13:32:56Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2019/05/23/us-china-trade-war-worst-case-scenario-orig.cnn-business"
data-branding-key="leading-indicator"
data-video-slug="us china trade war worst case scenario orig"
data-first-publish-slug="us china trade war worst case scenario orig"
data-video-tags="asia,business, economy and trade,china,christine romans,continents and regions,east asia,economic conditions,economic decline,economy and economic indicators,international trade,misc people,recession,trade and development,trade regulation and policy,trade wars"
data-details="">
Video Ad Feedback
This is the worst case scenario for the US-China trade war
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2019-05-28T20:56:14Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2019/05/28/huawei-tech-trade-war-orig.cnn"
data-branding-key=""
data-video-slug="huawei tech trade war orig"
data-first-publish-slug="huawei tech trade war orig"
data-video-tags="asia,business, economy and trade,china,christine romans,companies,continents and regions,east asia,economic policy,economy and economic indicators,government and public administration,government bodies and offices,huawei technologies co ltd,international trade,misc people,politics,technology,trade and development,trade regulation and policy,trade wars,us federal government,white house"
data-details="">
Video Ad Feedback
What blacklisting Huawei means for the US-China trade war
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2018-10-04T00:09:31Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2018/10/03/china-tariffs-trade-war-orig.cnn-business"
data-branding-key=""
data-video-slug="china tariffs trade war orig"
data-first-publish-slug="china tariffs trade war orig"
data-video-tags="business, economy and trade,continents and regions,donald trump,economic policy,economy and economic indicators,exports and imports,government and public administration,government bodies and offices,international trade,international trade law,north america,political figures - us,tariffs and customs,the americas,trade and development,trade regulation and policy,trade wars,united states,us federal government,white house"
data-details="">
Video Ad Feedback
You'll pay more for these, thanks to tariffs
01:44
Now playing
- Source:
CNN Business
Hong KongCNN Business
—
Tech tycoon Jack Ma really hates the trade war between the United States and China.
“Trade war is the most stupid thing in this world,” Ma said Monday at a conference in Shanghai hosted by the Chinese government.
The United States and China have slapped heavy new tariffs on huge swathes of each other’s exports this year. The US government accuses China of stealing American intellectual property and forcing US firms to handover valuable tech. But US President Donald Trump has also repeatedly complained about his country’s $375 billion deficit in the trade of goods with China.
Ma argued Monday that the purpose of trade should be to promote peace and communication rather than conflict, and that the rise of protectionism is misguided.
“Nobody can stop the free trade,” he said.
His remarks at the Shanghai event came hours after Chinese President Xi Jinping — in a veiled swipe at Trump — slammed a “winner-takes-all” approach to international trade. The conference, the China International Import Expo, was organized by the Chinese government to promote the country as a market for imports from other countries.
Investors are hoping a planned meeting between Trump and Xi at the G20 summit in Argentina later this month will help ease the trade tensions.
Soon after Trump’s election victory, Ma met him in New York and made the lofty pledge to create US jobs by helping American small businesses sell their products to consumers in China and elsewhere in Asia.
“This promise was on the basis of friendly China-US cooperation and reasonable bilateral trade relations, but the current situation has already destroyed that basis,” Ma told China’s official news agency Xinhua. “This promise can’t be completed.”
Shares in Alibaba are down more 30% from an all-time high in June.
