00:00Chinese President Xi Jinping says trade wars are hurting the global economy,
00:04speaking at a virtual BRICS summit on Monday.
00:07Xi's comments come amid U.S. President Donald Trump's sweeping tariffs,
00:32which include a whopping 50 percent levy on BRICS members India and Brazil.
00:37The bloc represents about 30 percent of global economic output
00:41and was formed to challenge Western leadership.
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