China has reported its exports surged 7.2% in July from a year earlier while its imports grew at the fastest pace in a year, as businesses rushed to take advantage of a truce in President Donald Trump's trade war with Beijing.

US President Donald Trump has said he may impose additional tariffs not only against India but also against other countries that purchase Russian oil, including China. Source: Ukrinform, citing Trump during a briefing at the White House Quote from Trump: "You're going to see a lot more [countries].

China's exports beat forecasts in July, as manufacturers made the most of a fragile tariff truce between Beijing and Washington to ship goods, especially to Southeast Asia, before tougher U.S. duties targeting transshipment take effect.