Alibaba’s Joseph Tsai Says ‘Everyone Is Concerned About Tariffs,’ As He Expects Levies On Chinese EVs

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The chairperson of Alibaba Group Holding ADR (NYSE:BABA), Joseph Tsai acknowledged that everyone around the world is concerned about the ongoing tariff battle between the economic powerhouses of the world.

What Happened: While speaking at CNBC’s event Converge Live, in Singapore, Tsai responded to a question on tariff imposition by the Donald Trump administration and said that “Everyone is concerned about tariffs.”

He highlighted that the Chinese multinational technology company sells $50 billion worth of American products on its platform to Chinese consumers every year. On the other hand, about $30 billion worth of European products are also sold annually.

“I think the Trump administration will want to have more American companies doing business …

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