SINGAPORE (Reuters) -Markets no longer think Donald Trump is full of bluster and are moving quickly to anticipate a slowdown in U.S. and global growth as he raises a wall of tariffs around the world's biggest economy and trading partners start to respond in kind. Six weeks into his second term, the U.S. president has hit imports from Mexico and Canada with 25% levies, put an additional 20% tariff on goods from China, threatened reciprocal tariffs globally and cut off military aid to Ukraine. But instead of the rising yields and higher dollar that investors had wagered on in November, the so-called "Trump trade" is in full retreat.
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