Rising protectionism has yet to have a marked impact on global trade. Global volumes of imports and exports climbed 3.7% on a year earlier in August to reach a record high. That was nonetheless slower than a month earlier and is below the 4.4% rate seen in the past 12 months. Imports to both the U.S. and emerging Asia surged (by 7.0% and 10.0% respectively) climbed as the full impact of duties on $360 billion of bilateral trade only took effect from Sept. 24. Preliminary data for both the U.S. and China suggests growth likely continued in September, with a slowdown in Japan and South ...