Global Trade Resilient Despite U.S. Tariffs
Global trade continues to show strength despite U.S. tariffs reaching their highest levels since the 1930s, according to a report by DHL and New York University's Stern School of Business.
The report, an updated edition of the DHL Global Connectedness Tracker, provides a systematic assessment of how international trade and investment are adapting to U.S. trade policy under President Trump's second term.
Key Findings
- The Tracker projects that global trade volumes will grow at an annualized rate of 2.5 percent between 2025 and 2029.
- Trade growth continues amid tariff increases, partly because only 13 percent of global goods imports went to the U.S. in 2024.
- Only 9 percent of exports originated in the U.S., and most other countries have not matched the U.S. in terms of tariff increases.
Global trade expansion persists despite U.S. tariffs.
Author's summary: Global trade remains strong despite U.S. tariffs.