5 factors behind Trump’s piecemeal retreat from tariff war he started

The Trump administration, which was once confident in using tariffs to change global trade, is now starting to pull back. Over the weekend and into Monday, President Donald Trump began to step back from some parts of the tariff war he started, especially those related to car imports. Some people think this is a smart change in strategy, but the pattern of pulling back shows that there are stronger forces pushing on his administration. There are five main reasons for this retreat: a harsh reaction from the markets, clear warnings from major Wall Street firms, the risk of long-term harm…