Exports from China are expected to maintained solid growth in July, in spite of new import tariffs on billions of dollars of shipments to the United States.
China proposed retaliatory import tariffs on $60 billion worth of USA goods, ranging from liquefied natural gas (LNG) to some aircraft, following a proposal by the USA administration for a higher 25 percent tariff on $200 billion worth of Chinese imports.
Increasingly heated rhetoric between Beijing and Washington has upset global markets worried about the impact on world trade and growth. There are few signs that either side is willing to make significant concessions.