U.S. stocks climbed Wednesday after President Donald Trump pulled back on some of his tariffs temporarily. The move revived hope on Wall Street that Trump may avoid a worst-case trade war that grinds down economies and sends inflation higher.

Trump's tariffs aren't just a negotiation tactic anymore. They'll help the economy in some areas but hurt it in others.

When President Donald Trump declared in the House Chamber this week that executives at the nation’s top automakers were “so excited” about their prospects amid his new tariff regime, it did not entirely reflect the conversation he’d held with them earlier that day.