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Alibaba accuses US of starting trade war with China over 'unfounded fear'

United States would "suffer more" from the dispute, says Jack Ma

Reuters  |  Hong Kong 

trade war
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The escalating trade war between the and China is careening towards a "cold war or geopolitical war" that will reverberate around the world, a senior executive at Group has said.

Joe Tsai, Alibaba's executive vice chairman, accused the of starting the trade war over "an unfounded fear" that China's rise threatened the national security of the American people, the South China Morning Post said on Thursday.

Tsai was speaking at a conference hosted by the newspaper in Kuala Lumpur on Wednesday, a day after Us President repeated his threat to slap on an additional $267 billion of

Alibaba, China's biggest e-commerce firm, owns the Hong Kong-based South China Morning Post.

"It is really ill-advised for the to launch a war of some sort targeting China, thinking that they can treat China like the way they treated Russia by isolating the economy and bringing on pain," Tsai was quoted as saying.

"We are so integrated that the pain is going to be felt all over the world," he added.

co-founder told the conference via video link that he believed the United States would "suffer more" from the dispute, the newspaper said.

Ma said in September trade frictions between the world's two largest economies could last for two decades and would be "a mess" for all parties involved.

Ma had a high-profile meeting with US President last year where Ma promised to create one million jobs in the United States linked to small merchants selling items on platforms.

Trade relations have since deteriorated between China and the United States in a tit-for-tat escalation in

First Published: Thu, October 11 2018. 09:01 IST