Analysts: It turns out that Trump is not immune to Wall Street

Institutional analysts said there was a broad and palpable sense of relief in the market's upbeat reaction to Mr. Trump's move to lower tariffs. Even the US Trade Representative said in an interview yesterday that President Trump would not accept Wall Street dominating the economy. But today's tariff suspension sends a signal to markets and the wider world that Mr. Trump is still subject to financial marekt dynamics and public opinion, and that he does not want the word "bear market" next to his name. It also suggests that perhaps the opinions of business leaders can still be heard in the Oval Office - there are still some seasoned voices in this administration.