US-China trade tension could last 20 years: Jack Ma
The co-founder and former chairman of Alibaba Group Holding Ltd., Jack Ma, said the US-China relationship could face 20 years of “turbulence”, if they aren’t careful in how they handle trade. “We have to solve problems, we should not create more problems,” Ma said in an interview.
The trade dispute between the two superpowers has already ensnared more than 70% of bilateral trade in goods ever since it commenced about 2 years ago. The White House on Dec. 15 will add 15% punitive tariffs on US$ 160 billion in Chinese imports, if these differences persist.