Chinese President Xi Jinping says there are no winners in a trade war, aiming an indirect swipe at the U.S. for "bullying." Xi's remarks come a day after the U.S. and China reached an agreement to roll back tariffs well in excess of 100% while they work on a broader trade deal.
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00:00Chinese President Xi Jinping took a jab at U.S. trade policy, denouncing what he called global bullying.
00:19Xi was speaking at the China Latin America Forum just a day after Beijing and Washington agreed to scale back tariffs.
00:27Under the deal, the U.S. will cut its tariffs on Chinese goods from 145 percent to 30 percent, while China will drop its tariffs from 125 percent to 10 percent.
00:39Both sides say they'll hold more talks to work toward a broader trade agreement.