Trump Plans To Ban E-Commerce Giant Alibaba

0
113
President Donald Trump speaks about the coronavirus in the Rose Garden of the White House, Tuesday, April 14, 2020, in Washington. (AP Photo/Alex Brandon)

Although Alibaba has not been very successful in expanding into Western markets, it is the largest e-commerce company in Asia.

U.S. President Donald Trump on Saturday admitted he is considering banning from the U.S the activity of Alibaba, China’s Internet e-commerce company.

“Besides TikTok, we are planning to ban the activities of other Chinese companies in the U.S., including Alibaba,” Trump said at a press conference.

Trump previously banned the short video application TikTok, owned by ByteDance, and Tencent’s WeChat messaging service.

The U.S. administration is increasing its hostilities against China and its technology firms, while he is forcing governments worldwide to choose between Beijing and Washington companies. 

“Geopolitics is undergoing a historic transformation,” Hinrich’s Foundation researcher Alex Capri said.

Washington has increased its allegations against Chinese technology companies without evidence with the sole aim of “decoupling the technology industry,” Capri added.

Although Alibaba has not been very successful in expanding into Western markets, it is the largest e-commerce company in Asia. “That’s reason enough for Washington to put it in the spotlight,” the researcher commented.

Get More out of our stories: Follow us on our Socials

Facebook

Instagram

Linkedin

Twitter