China's 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.

China is shipping more goods to Southeast Asia and other regions that often re-export them to the United States. China still sells three times as much to the United States as it buys.

Four months after President Donald Trump declared the United States “liberated” from pervasive global trade imbalances by a new tariff regime, a revamped set of duties on the country’s most prominent trade partners has gone into effect.