Markets desensitised to Trump’s latest “political theatre” – Asian fund managers

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Markets are becoming increasingly desensitised to US President Donald Trump’s shifting tariff narratives, according to Asia-based asset managers, who advise clients to stay nimble as uncertainty surrounding US trade policy deepens. The uncertainty began on Monday when Trump extended the “Tariffs Day” deadline to 1 August 2025, warning key trading partners like Japan and South Korea of tariffs between 25% to…

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