I have had the same issue with the wandering trader. I see the llamas still, but the trader has disappeared.
Here is a short clip I captured: video
Another update, you can still interact with the Villager's AI : video
Ok I realise what is happening, my apologies. I found that the villager was drinking an invisibility potion and when day broke, the effect cleared (they drank milk)
I have had the same issue with the wandering trader. I see the llamas still, but the trader has disappeared.
Here is a short clip I captured: video
Another update, you can still interact with the Villager's AI : video
Ok I realise what is happening, my apologies. I found that the villager was drinking an invisibility potion and when day broke, the effect cleared (they drank milk)