China's export market grew by 12.2% in July. This after Donald Trump slapped billions of dollars worth of tariffs on the country earlier that month.
The Trump administration instigated the tax on $34 billion worth of Chinese goods last month, citing " unfair trade practices." Business Insider reports that it is set to announce a second tranche of tariffs on $16 billion worth of products later this month.
Despite Trump's trade war, Beijing exported $215.5 billion in July,. This constituted a 12.2% rise on June's figures.
The reasoning behind the rise in Chinese exports is not clear. The yuan weakened dramatically in late June, which likely made exports cheaper.
