Exports to the US remained in negative territory in June although the decline was softer than in May. There was an annual rise in exports sent to other nations as China seeks to diversify its trade. V

Exports rose 5.8% in June from a year earlier to $325 billion, exceeding the median estimate in a Bloomberg survey of analysts.

China’s exports beat expectations in June as businesses continued to rush out shipments to capitalize on a temporary tariff reprieve ahead of an August deadline. Exports jumped 5.8% in June in U.S. dollar terms from a year earlier,