Tuesday 24 April
Powered by Ajaxy
Nov 10, 2016 @ 10:13

Alibaba’s U.S. Growth Ambitions at Risk After Trump Victory

 

Chinese internet companies face a new reality after Donald Trump’s surprise victory as U.S. president-elect — and Alibaba Group Holding Ltd. has the most to lose.

On the campaign trail, Trump promised to upend global trade, saying that China is “killing us” on trade policy and proposing tariffs on Chinese goods of as much as 45 percent. If implemented, his ideas could lead to “devastating” results, from global trade wars to higher costs of living, and “spell the end of globalization,” according to Darrell West, a vice president at the Brookings Institution.

“He was very critical of Chinese trade agreements and has threatened to rip them up,” West said. “If he did that, the consequences for Chinese companies would be enormous.”

Tags: , ,

Related Stories
Ukrainian oligarch Victor Pinchuk's foundation on Thursday defended a $150,000 (120,000 euros) payment to Donald
German sporting goods maker Puma on Thursday slightly upped its forecasts for 2018 on the
The World Trade Organization said Thursday that it expects strong trade growth through this year
In the event of a trade war with the United States, China could resort to


Read full Article here »

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.