The US trade war against China is bound to fail: panellists
Keynote speakers at the South China Morning Post’s China Conference remain optimistic the world’s two superpowers will find a resolution, as ‘everybody will feel the pain’ if the tit-for-tat tariffs continue
That was the overwhelming message from keynote speakers on Wednesday at the South China Morning Post’s China Conference in Kuala Lumpur.
Speakers at the forum – the Post’s first-ever event outside its Hong Kong base – said they remained optimistic the world’s two superpowers would find a resolution to the trade war kick-started by US President Donald Trump’s sweeping tariffs on Chinese goods earlier this year.
Still, some, such as Alibaba Group executive vice-chairman Joe Tsai, warned the dispute was veering towards becoming a “cold war or geopolitical war started by the United States”.
“I think what the United States is doing is a reaction to an unfounded fear that China’s rise is somehow going to threaten the national security and well-being of the American people,” said Tsai, who is also the chairman of the Post (which is owned by Alibaba Group).
We are so integrated that the [trade war] pain is going to be felt all over the world
