China’s exports rose faster than expected last month, official data showed, ahead of the expiry next week of a tariff truce with the US that threatens to reignite trade tensions between the world’s economic superpowers.
Exports added 7.2 per cent in July on a year earlier in US dollar terms, the fastest rate of growth since April and exceeding forecasts of 5.4 per cent in a Reuters poll. Imports added 4.1 per cent, the strongest reading in a year.
The data released on Thursday by China’s customs administration came as Donald Trump’s sweeping new tariffs came into effect for US trading partners from India to Switzerland, pushing Washington’s levies to the highest level in a century.
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