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Ex-US ambassador to China: Everybody cool off, don't impose more tariffs, and get back to the bargaining table

Chinese exports rebounding in July, rising 3.3% compared to last year, reversing a 1.3 percent decline in June. Increased shipments to Europe and Southeast Asia contributed to the uptick, but escalating trade tensions with the U.S. could weigh on those numbers. Former U.S. ambassador to China Gary Locke tells Yahoo Finance's Akiko Fujita, "The trade talks are going in the wrong direction. We need everybody to step back, cool off and not impose these additional tariffs and really get back to the bargaining table."