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Jack Ma: 'Don't use trade as a weapon'

Alibaba founder Jack Ma has a warning for Davos: Trade wars are easy to start, but they can have devastating conseque...

Posted: Jan 24, 2018 2:22 PM
Updated: Jan 24, 2018 2:22 PM

Alibaba founder Jack Ma has a warning for Davos: Trade wars are easy to start, but they can have devastating consequences.

"Don't use trade as a weapon," Ma said Wednesday at the World Economic Forum in Davos, Switzerland. "It's so easy to launch a trade war, but it's so difficult to stop the disaster of this war."

Ma, who has built a massive e-commerce platform with global ambitions, made his comments just days after President Trump slapped tariffs on imports of solar panels and washing machines.

Beijing, which expects to be hurt by the move, has said the tariffs aggravate the global trade environment.

Yet more U.S. actions are expected. U.S. Commerce Secretary Wilbur Ross told reporters in Davos on Wednesday that more trade actions are in the pipeline.

Related: Team Trump talks trade in Davos

Ma, who is chairman of Alibaba and one of China's most prominent business leaders, acknowledged that globalization was going through some growing pains. But he said that tech advances and customer demand meant that free trade and globalization would continue.

"I think it is impossible to stop the trade," he said. "The world needs trade. If the trade stops, the wars start."

The billionaire used dramatic language to describe the risks.

"When you sanction the other country, you are sanctioning those small business, young people," he said. "Just like you're bombing somewhere."

Related: How Trump's solar panel tariffs could threaten U.S. jobs

Ma suggested that the tensions are likely to fade over time.

"In the future, there will be no Made in China. No Made in America. No Made in Peru. It's going to be Made on the Internet," he said.

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 293542

Reported Deaths: 6638
CountyCasesDeaths
DeSoto19560229
Hinds18674385
Harrison16512276
Rankin12595262
Jackson12451217
Lee9663160
Madison9400195
Jones7891145
Forrest7140136
Lauderdale6784225
Lowndes6008137
Lamar584480
Lafayette5707113
Washington5159128
Bolivar4594120
Oktibbeha439991
Panola426892
Pearl River4116128
Warren4114113
Pontotoc407368
Marshall399492
Monroe3980126
Union392873
Neshoba3767166
Lincoln3464100
Hancock339973
Leflore3358118
Sunflower317185
Tate300874
Pike298393
Scott292567
Alcorn290360
Itawamba288871
Yazoo283862
Tippah275665
Copiah274557
Coahoma272766
Simpson271778
Prentiss268658
Leake251770
Wayne251340
Marion250778
Covington247878
Grenada245876
Adams233277
George230645
Newton224751
Winston220275
Jasper211844
Tishomingo211765
Attala206269
Chickasaw200650
Holmes181670
Clay178149
Stone171429
Tallahatchie169839
Clarke168671
Calhoun156428
Smith151831
Yalobusha142936
Greene126833
Walthall123540
Noxubee122729
Perry121434
Montgomery121237
Lawrence119321
Carroll117623
Amite110832
Webster109929
Jefferson Davis100531
Tunica98623
Claiborne97729
Benton93124
Humphreys91626
Kemper89522
Quitman77014
Franklin75519
Choctaw69516
Wilkinson62226
Jefferson61427
Sharkey48817
Issaquena1676
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Alabama Coronavirus Cases

Cases: 491110

Reported Deaths: 9831
CountyCasesDeaths
Jefferson706291356
Mobile35894721
Madison32255442
Tuscaloosa23996409
Montgomery22462494
Shelby21820215
Baldwin19670274
Lee14900150
Morgan13599249
Calhoun13175285
Etowah13143319
Marshall11226206
Houston10048259
Elmore9337183
Limestone9335134
Cullman8869179
St. Clair8783220
Lauderdale8581210
DeKalb8429174
Talladega7481163
Walker6504251
Jackson6477102
Autauga620389
Blount6086125
Colbert5978118
Coffee5230102
Dale4621106
Russell401831
Franklin397876
Covington3956106
Chilton384298
Escambia377172
Tallapoosa3572141
Clarke342949
Dallas3397141
Chambers3392108
Pike293071
Lawrence281384
Marion280894
Winston246166
Bibb244260
Geneva238670
Marengo233354
Pickens223954
Barbour209951
Hale208868
Fayette199756
Butler195165
Henry182041
Cherokee176438
Monroe165938
Randolph163140
Washington156634
Crenshaw143554
Clay143354
Macon140943
Cleburne136839
Lamar131732
Lowndes130648
Wilcox120825
Bullock116336
Conecuh106523
Perry105327
Sumter98431
Coosa87823
Greene87032
Choctaw54823
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