US-China trade war could last 20 years: Jack Ma
Beijing, Sep 19 : Tech tycoon Jack Ma has told investors to hunker down for a drawn out trade war between the US and China that can last for upto 20 years.
"It's going to last long, it's going to be a mess," Ma, the founder and executive chairman of Alibaba, said on Tuesday at an annual conference for Alibaba investors.
Just hours after the Trump administration slapped a new round of tariffs on Chinese goods worth $200 billion, Ma said the US-China trade war will last not for 20 months or 20 days, but "maybe 20 years".
That would mean no easing of tensions between the world's top two economies for many years after President Donald Trump has left office, even if he serves a second term, the CNN reported.
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.
Shares in Alibaba closed 3.5 per cent lower on Monday. The company's stock is down 25 per cent from its all-time high in June.
Ma said a lot of businesses in China and the US will be in trouble in the short term, and eventually, Chinese firms will be forced to turn to other countries, CNN reported.
Ma said the trade war is "against China" but also criticised his country's policies, urging leaders to view the pain inflicted by Trump's tariffs as an opportunity to "upgrade". "China must open the market," he added.
Ma reassured investors that the $410 billion company he helped build is in safe hands. He announced last week that he will step down from Alibaba in a year's time, handing over the reins to CEO Daniel Zhang.
"I'm 100% sure Daniel will do a better job than I do," Ma said. The 54-year-old former teacher repeated his desire to pursue a new career, likely in the field of education.
"I'm not sad at all. I think I'm still young," he said. "In Alibaba I'm old, but in my career I'm still young."
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BJP disassociates itself with Nishikant Dubey's criticism of Supreme Court, says it respects courts
New Delhi, Apr 19 (PTI): The BJP on Saturday disassociated itself with the sharp criticism of the Supreme Court and Chief Justice of India Sanjiv Khanna by its MPs Nishikant Dubey and Dinesh Sharma, with party president J P Nadda rejecting the comments as their personal views.
"The BJP has nothing to do with the comments of MPs Nishikant Dubey and Dinesh Sharma on the judiciary and the chief justice. This is their personal comments, but the BJP neither agrees with them nor does it ever support such remarks. The BJP absolutely rejects them," Nadda said in a post on X.
He said the BJP has always respected the judiciary and has accepted its suggestions and orders gladly because it believes as a party all the courts, including the apex court, are an inseparable part of our democracy.
Nadda also said that he has directed both the leaders and others to not make such comments.
Fourth-term BJP MP Dubey, one of the more vocal party members in the Lok Sabha, launched a broadside against the Supreme Court earlier, saying Parliament and state assemblies should be closed down if the apex court has to make the laws.
He also took a swipe at CJI Khanna.
भाजपा सांसद निशिकांत दुबे और दिनेश शर्मा का न्यायपालिका एवं देश के चीफ जस्टिस पर दिए गए बयान से भारतीय जनता पार्टी का कोई लेना–देना नहीं है। यह इनका व्यक्तिगत बयान है, लेकिन भाजपा ऐसे बयानों से न तो कोई इत्तेफाक रखती है और न ही कभी भी ऐसे बयानों का समर्थन करती है। भाजपा इन बयान…
— Jagat Prakash Nadda (@JPNadda) April 19, 2025
