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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

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Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

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Current price of oil as of June 10, 2026

1

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

2

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

3

Current price of oil as of June 10, 2026

Donald Trump Has ‘Great Meeting’ With Billionaire Alibaba Founder Jack Ma

By
The Associated Press
The Associated Press
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By
The Associated Press
The Associated Press
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January 9, 2017, 1:01 PM ET

Donald Trump says he’s planning to work with the founder of e-commerce giant Alibaba to help boost small businesses.

The president-elect met Monday with Jack Ma, the founder and executive chairman of Alibaba Group. The company claims it can create 1 million U.S. jobs by helping small businesses sell their products to China and Asian consumers.

Trump tells reporters during a brief appearance in the Trump Tower lobby the pair had “a great meeting” and called Ma a “great, great entrepreneur.”

He says, “Jack and I are going to do some great things.” Trump often railed against Chinese trade practice during his campaign.

Related: This App Wants to Help You Trade Stocks Based on Trump Tweets

Ma says the pair discussed strengthening the countries’ relationship. He says Trump “has the concerns and he has the solutions and he wants to discuss with China and us that how we can do better.”

 

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