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Global Trade Surges 1.8% Amid Tariff Concerns

3/11/2025

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Summary

Story summary

World trade volume rebounded by 1.8% in 2024, following a 1.2% decline in 2023.
President Trump's trade policy features substantial tariff hikes on imports, raising concerns about trade conflicts.
The World Bank reports that emerging markets have thrived due to global integration and lower tariffs, boosting cross-border trade since the 21st century.

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Story summary

World trade volume rebounded by 1.8% in 2024, following a 1.2% decline in 2023.
President Trump's trade policy features substantial tariff hikes on imports, raising concerns about trade conflicts.
The World Bank reports that emerging markets have thrived due to global integration and lower tariffs, boosting cross-border trade since the 21st century.