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,

Xi Jinping’s decision to stand his ground against Donald Trump could hardly have gone any better for the Chinese leader.

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,