Why Trump's zeal for tariffs is yet to derail global economic outlook

Economists say real risk would be sliding business confidence

President Donald Trump’s zeal for tariffs has yet to derail the global economic outlook.

While Trump has sown confusion and frustration among fellow political leaders, economists at most Wall Street banks are barely changing their forecasts for solid global growth this year as they estimate only modest fallout from a skirmish over commerce.

Take Trump’s 25 percent steel tariffs. After stripping out food and energy, consumer prices are poised to rise by three basis points in response, Goldman Sachs Group Inc. said in a research note Monday.

The worry remains that Trump may just be getting started. If the president delivers on all