Many investors and business leaders increasingly believe President Trump will dial back his trade battles. Not everyone is willing to commit to that bet.

Tariffs pushback from investors and C.E.O.s has begun to put President Trump on the back foot.Saul Loeb/Agence France-Presse — Getty ImagesBulls see a Trump pivot coming

On earnings calls and in public appearances, business leaders have found their voice against President Trump’s trade war. Even Elon Musk isn’t holding back.

They join restive investors who — as shown by market rallies after every seeming backtrack on tariffs — are growing more convinced that the White House will ease off its protectionist trade threats rather than risk a big blow to the economy and Americans’ stock portfolios.

The latest: The global relief rally lost some steam on Thursday morning. But a belief that a tariff walk back is coming

Keep reading this article on Andrew Ross Sorkin – Author New York Times.

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