China experienced a substantial increase in exports in June, resulting in a record trade surplus of over $99 billion. This was attributed to Chinese companies and households tightening their spending habits. The surplus, while beneficial for China's economy, has raised concerns in foreign countries about the impact on their own industrial output. Globally, tariffs have been raised or imposed on Chinese goods by countries such as the United States, the European Union, Brazil, India, Turkey, and more. The fear is that China's dominance in exports could lead to factory closures and hinder economic growth in other nations. Despite the ongoing trade tensions, China continues to focus on expanding its industrial output, with a strategy that relies on exporting goods that Chinese households are no longer purchasing.