Markets are signaling doubt about whether the U.S. economy will end up in recession, despite investors' fears over President Donald Trump's ‘liberation day' tariffs.
President Trump has said his punishing tariffs would force companies to build factories in the United States. But it is far from clear that they will have the effects he predicted.
Treasury Secretary Scott Bessent said Wednesday that President Trump will not reduce tariffs on China without an agreement by both governments to deescalate their trade conflict.
