Well, howdy there, Internet people, it's Bell again.

So today, we're going to talk about Trump continuing to try to unwind his tariffs.

Trump continues to slowly trend toward unwinding his tariff fiasco.

Sure, he's going back and forth on a number of issues, most notably semiconductors.

But the overall trend seems to be backing off.

The latest is with his auto tariffs.

When he announced the 25% tax on March 27th, he said it was permanent.

That was the word he used, permanent.

Less than a month later, and he's signaling he might be ready to pause it. Quote, I'm looking at something to help some of the car companies with it. He went on to say,

quote, and they need a little bit of time, because they're going to make them here, but they need a little bit of time because they're going to make them here, but they need a

little bit of time. So I'm talking about things like that. I know everybody is shocked that

supply chains, decades in the making, can't be moved quickly, and factories can't be built

overnight. So, what's behind the softening of his stance on his trade

war? The short version is that it looks like he's worried he's going to lose and steer the U.S.

straight into recession or worse. On Monday, National Economic Council Director Kevin Hassett

announced there was no chance of recession.

He described the chance as, quote, 100% not.

It's rare that White House officials have to say there won't be a recession.

For comparison, about a week ago, Goldman Sachs raised their forecast of a

recession in the next 12 months to 45%. J.P. Morgan had it at 60%. The Walters-Clure Blue Chip

Economic Indicators survey has it at 47%. The chance of recession in any given year is 15 to 20%. There is never a 0%

chance of a recession. That's not a thing. There's a whole school of thought that thinks

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