China’s President Xi to Trump: ‘There are no winners in a tariff war’

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China slapped the United States with a new tariff, raising the tax on American goods to 125%. It comes after the White House raised tariffs on China to 145%. Chinese President Xi Jinping responded to President Donald Trump for the first time saying it doesn’t fear economic suppression but “there are no winners in a tariff war.” NBC’s Peter Alexander reports for TODAY.

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