Aug 21, 2020
Alibaba tells Trump we 'support American brands'
Alibaba has moved to ease tensions with Donald Trump, as the US president continues to threaten Chinese firms. Earlier this month US Secretary of State Mike Pompeo called on American technology firms to cut ties with Chinese companies, including cloud-computing providers Alibaba, Tencent and Baidu as part of the Trump administration's so-called "Clean Network" programme. "Alibaba's primary commercial focus in the US is to support American brands, retailers, small businesses and farmers to sell to consumers and trade partners in China as well as other key markets around the world," Mr Zhang told investors. The placatory comments from Alibaba's boss came in a week that has seen Mr Trump using his election campaign speeches to threaten further action to push back against China. At an event in Pennsylvania on Thursday he said that if he is re-elected, Washington will impose tariffs on American companies that refuse to move jobs back to the US. "We will give tax credits to companies to bring jobs back to America, and if they don't do it, we will put tariffs on those companies, and they will have to pay us a lot of money," he said.
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