Global trade activity climbed 2.3% year over year in September, the slowest rate since March due to a 0.2% decline in exports from Japan and a 0.6% decline in European exports. The slowdown will likely prove temporary based on official data from China where exports expanded by 20.1% growth in October vs. 9.8% in the third quarter. That’s despite the tariff war with the U.S. that has applied duties to $250 billion of Chinese exports. A similar pattern of accelerating growth can be seen in Japan, South Korea and India. Meanwhile U.S. seaborne imports climbed 11.0% higher in October vs. 6.9...