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].

U.S. President Donald Trump on Wednesday said he could announce further tariffs on China similar to the 25% duties announced earlier on India over its purchases of Russian oil, depending on what happens.