Trade ties appeared to have stabilised in June after U.S. and Chinese negotiators agreed to revive a fragile truce reached during talks in Geneva in May. The agreement had been strained before the talks by a series of export controls that disrupted supply chains for key industries on both sides of the Pacific.

China’s exports rose more than expected in June, official data showed Monday, after Washington and Beijing agreed on a tentative deal to lower swinging tariffs on each other. Data from the General Administration of Customs said exports climbed 5.