Alibaba’s U.S. Growth Ambitions at Risk After Trump Victory
- Chinese e-commerce giant has business tied to trade in U.S.
- President-elect has promised to enact tariffs, rip up accords
Trump's China Policy May Hurt U.S.
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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.