It's Déjà Vu As Markets Calm Into Tariffs Day

By Christian Dass, Bloomberg markets live reporter and strategist

In the days leading up to President Donald Trump’s July 9 tariffs deadline, equity investors having flashbacks of Liberation Day showed little concern. 

The MSCI All-Country World Index reached a peak last week, while gauges of volatility expectations from the US to Europe and Hong Kong have more than halved from their highs in April.