Xi Jinping warns that “bullying” and “hegemonism” in global trade will backfire, criticizing U.S. trade policies. Speaking at a Latin American summit in Beijing, Xi emphasized that no one wins in a tariff war,

The leaders of the three largest economies in the region travel to Beijing to participate in a summit with the Asian giant. During the week in which China boasts of having achieved that Donald Trump backed down in his trade war after reaching an agreement to suspend most tariffs,

China's President Xi Jinping on Tuesday, in a veiled attack on the United States, slammed bullying and tyranny and said there are no winners in tariff and trade wars. This statement came a day after the US and China announced an agreement to reduce tit-for-tat tariffs for 90 days.