The report on China’s gross domestic product was released as the U.S. took stock of the latest inflation figures, which showed that Trump’s tariffs were starting to push up prices. Prices of the products most exposed to tariffs, like household furnishings, jumped significantly in June.

China has reported that its economy slowed in the last quarter as President Donald Trump's trade war escalated, but it still expanded at a robust 5.2% pace.

The Chinese economy cooled in the second quarter, but growth was in line with expectations despite pressure from U.S. tariffs.