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.

General Motors plans to import batteries from China to power its second-generation Chevrolet Bolt electric vehicle, despite steep tariffs imposed by President Trump. GM will buy the batteries from China’s Contemporary Amperex Technology,

The administration says the tariffs could bring in $50 billion each month. President Donald Trump celebrated the start of his long-awaited tariffs Thursday, declaring that money was “flowing into the USA at levels not thought even possible!