Tesla's Musk, Alibaba's Ma to talk at Shanghai tech event this week

An additional duty on some $550 billion of targeted Chinese goods


Reuters August 26, 2019
SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, US, June 13, 2019. PHOTO: REUTERS

SHANGHAI: Tesla CEO Elon Musk and Alibaba Group Holding Ltd chairman Jack Ma will speak at a conference on artificial intelligence (AI) to be held this week in Shanghai, an Alibaba spokeswoman said on Monday.

The two entrepreneurs will have a conversation in front of an audience on August 29 at the World Artificial Intelligence Conference which will run August 29-August 31, the spokeswoman said.

Trump heaps another 5% tariff on Chinese goods

Tesla did not immediately respond to a request for comment.
Musk confirmed his attendance at the conference earlier this month. On Twitter, he also said he intends to launch a China unit of The Boring Company, his underground transportation venture, on the same China trip.

The talk will come amid an intensifying war over trade and technology between the United States and China.

US President Donald Trump announced on Friday an additional duty on some $550 billion of targeted Chinese goods, hours after China unveiled retaliatory tariffs on $75 billion worth of US goods.

Tesla is one of several high profile American companies affected by the trade war. The company is currently building a factory for its vehicles in Shanghai.
China offers modern technology in textile sector

In early 2018, Musk messaged Trump publicly on Twitter lamenting China’s 25% tariff on imported cars entering the market.

Jack Ma has been an outspoken critic of the trade war. Late last year at the China International Import Expo in Shanghai, the e-commerce entrepreneur called the conflict “the most stupid thing in this world”.
Ma is set to formally step down from his position as chairman of Alibaba in September.

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