ENA Global 2018-10-03 10:41:13 <p><strong>New Delhi, Oct 3 (KNN) </strong>Trade war between China and the US will destroy a lot of small businesses, said Jack Ma, the co-founder of Alibaba Group Holding Ltd., at the World Trade Organization.</p> <p>He added, This thing may last for 20 years, unfortunately.</p> <p>According to a media report, Chinas richest man Jack Ma warned that the escalating trade war between U.S. and China is going to be severe and long-lived.</p> <p> When trade stops, sometimes the war starts. So trade is the way to stop wars, Ma said.</p> <p>He also said, Today we see Made in China, Made in America, Made in Switzerland or Made in Geneva: 2030 will see Made in Internet.</p> <p>According to him more than 85 percent of business will be e-commerce.</p> <p>The American president has targeted allies and adversaries alike, threatening tariffs on all of Chinas exports, proposing levies on European car-makers and saying he could leave the WTO, which he has described as unfair.</p> <p>Ma said that the business community is opposed to the trade war and that avoiding military conflicts depends on commercial order.</p> <p>Trade is not a weapon, trade is not for wars, Ma said. Trade is for keeping world peace.<strong> (With Inputs from a media report)</strong></p> 20974 https://knnindia.co.in/news/newsdetails/global/trade-war-between-china-us-will-destroy-a-lot-of-small-businesses-jack-ma 2018-10-03 10:41:13 knnindia.co.in