Even with high tariffs, Trump's trade war suddenly is starting to look not so scary on Wall Street

  • Tariffs appear to be settling only slightly less than what President Donald Trump had threatened in April, but the difference has been enough to ease some of Wall Street's worst recession fears. Economists cite a strong global growth backdrop, a less-than-expected inflationary impact of the tariffs and a general easing in financial conditions as reasons for why the landscape looks less dire.