Global market jitters over trade fade as investors call ‘Tariff Man’ Trump’s bluff

News Snapshot:

The outsized swings in markets on the back of Donald Trump’s every word on tariffs just weeks ago have faded to mere flickers, as investors switch their focus elsewhere, and bet against a full-scale trade war really materializing. There is a nagging doubt for others, however, that markets could be growing complacent. China is one of the few trading partners on which Trump has increased tariffs, but Hong Kong’s Hang Seng index is up 14% year to date, led by a surge in tech stocks. Similarly, traders are banking on less volatility in the Canadian dollar and Mexican peso -...