US stocks are trading near their records as Wall Street takes Donald Trump’s latest talk about trade policies in stride, despite the potential for these policies to disrupt the global economy. The S&P 500 has risen 0.3% in morning trading, edging closer to its recent all-time high. Meanwhile, the Dow Jones has dropped 270 points, marking a 0.6% decline from its record set the previous day, while the Nasdaq composite gained 0.6%. The Australian sharemarket is forecast to rise by 0.
5%, with the Australian dollar dipping slightly to 64.53 US cents. Internationally, stock markets are showing modest declines, with Shanghai and Hong Kong markets down 0.1% and nearly flat respectively, and Canada's main index down 0.4%. Trump's plans for tariffs on Mexico, Canada, and China have sparked investor concern, although the immediate market reaction has been relatively muted. Economists warn that abrupt tariff policies could cause rapid price increases for imported goods, impacting US households and businesses, and potentially leading to retaliatory measures by other countries