Global trade volumes climbed sharply in 2025 despite sweeping U.S. tariffs, defying widespread predictions that higher duties would choke off cross-border commerce, The Wall Street Journal reports.
The volume of goods traded worldwide rose 4.4% in 2025, accelerating from 2.5% growth in 2024, according to data from the Netherlands Bureau for Economic Policy Analysis (CPB). The rebound came even after President Donald Trump imposed country-specific tariffs last spring.
The strength surprised many forecasters.
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