ANALYSTS: Trump is not proving exempt from Wall Street

The market's upbeat reaction to Trump's move to lower tariffs reveals a widespread and palpable sense of relief, institutional analysts say. Even though the U.S. Trade Representative said in an interview yesterday that President Trump would not accept Wall Street dominating the economy. But today's tariff pause signals to the markets and the wider world that Trump is still subject to financial market dynamics and public opinion, and that he doesn't want the word ‘bear market’ next to his name. It also suggests that perhaps business leaders are still being heard in the Oval Office - there are still some experienced voices present in this administration.