It has risen by more than 28 basis points this month through April 11, however.Lasting damage?The discussion that has dominated Wall Street for much of the past week has centered on whether Trump’s actions,

Some of Wall Street's brightest minds have been sounding off about President Donald Trump's tariffs.

“Our sense is clients are way too optimistic about reaching deals with our trading partners,” Laperriere said. “We’re likely to get whipsawed by good news and bad news and uncertainty is likely to stay extremely elevated. Some tariffs will go up and some will go down. But as of this morning, we are at Smoot-Hawley levels. This is far from over.”