China’s exports grow 8.6% in June, beating forecasts despite trade tensions

China’s exports beat forecasts in June, while imports grew less than expected. Chinese customs data released Friday showed exports grew 8.6% from the same time last year to hit $307.8 billion. That beat estimates of about 7.4% to 8% growth. Imports, however, fell 2.3% from a year earlier to $208.8 billion. China’s strong exports for June led to its trade surplus widening to $99 billion, up from $82.6 billion in May. The growth in exports comes as China faces escalated trade tensions with the U.S. and Europe. The U.S. and Europe have ramped up tariffs on Chinese-made electric cars.