China’s economy slowed less than expected in the second quarter in a show of resilience against U.S. tariffs, though analysts warn that weak demand at home and rising global trade risks will ramp up pressure on Beijing to roll out more stimulus.

Imports at the country’s busiest port jumped after President Donald Trump paused a 145 percent tariff on China.

The U.S. government has recently assured chip maker Nvidia Corp. that licenses for sales of its advanced H20 GPU to Chinese firms would be granted.

China’s economy slowed in the second quarter even as it topped market forecast in a show of resilience against U.S. tariffs, though analysts warn of underlying weakness and rising risks that will ramp up pressure on Beijing to roll out more stimulus.

US President Donald Trump has announced that all imports from the EU and Mexico will have a 30% tariff as of August 1. He sent letters to EU President Ursula von der Leyen and Mexico’s President Claudia Sheinbaum informing them of the new rates, which were also posted on his Truth Social account on Saturday.

As the tariff war between the United States and China continues, Beijing is tightening its grip on strategic mineral exports, reportedly reviewing permits for more than 2,000 items, including rare earth elements.

Local businesses are facing a confluence of trade pressures, technological disruption and competition, says ASME. Read more at straitstimes.com. Read more at straitstimes.com.