After President Donald Trump proposed new tariffs on imported steel and aluminium, investors on Wall Street hit their brakes.<br />But traffic is starting to move again and the top indexes are all up over 1-percent on the day.<br />According to Jeffrey Carbone with Cornerstone Financial Partners, confidence is growing that the president's proposed tariffs won't take place.<br />Late last week Trump announced the Commerce Department would impose tariffs of 25-percent and 10-percent on imported steel and aluminium respectively.<br />That led to selloff on March 1st since investors were already on edge regarding US interest rates and bond yields. <br />
