00:00Wall Street's reaction to President Trump's announced tariffs has softened significantly after recent trade agreements,
00:06notably with the European Union, which set effective tariffs in the 15 to 20 percent range, helping to quell recession anxieties.
00:14Economists point to strong global growth and relaxed financial conditions as region's fears have faded,
00:20with J.P. Morgan cutting its recession risk estimate from 60 to 40 percent.
00:25Markets responded with relief to increased clarity and lower than threatened rates,
00:30as U.S. stock indices reached record highs following trade agreements that also secured significant EU pledges to invest billions in U.S. energy and manufacturing.
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