Investors say that uncertainty continues even after “Trump’s surrender to the markets”

American stocks rose on Wednesday after Donald Trump retracted his plans to strike a large group of commercial partners with a highly declining tariff, but investors and analysts said that uncertainty about duties would continue.

S&P 500 jumped 9.5 percent on Wednesday, while the NASDAQ technology compound jumped by 12 percent, which is the best days since 2008 and 2001, respectively, according to FactSet data.

Trump’s decision to stop in his “mutual” tariff in most countries for 90 days helped reduce some huge falls in the stocks in recent days, which was prompted by a “Tahrir Day” tariff for Trump a week ago.

“This is Trump’s surrender to the markets. He saved the face by maintaining the customs tariff for China,” said Andy Bruner, head of the international fixed income at Natallance Securities.

Goldman Sachs also reflected its speed to invite the United States to enter a recession after Trump’s announcement on Wednesday.

However, on Wednesday, Trump increased the customs tariff for China, the world’s largest source, to about 125 percent and stuck to a series of other drawings, including a 10 percent global duty.

Bob Michel, chief investment official and global fixed income head, currency and commodity at JPMorgan Asset Management, said there was no “major transformation” in the bond market.

He added: “There is still a lot of uncertainty there. The bond market focuses on inflation much higher than the goal (Federal Reserve) and the Federal Reserve tells us that they do not reduce rates.”

Citigroup repeated this feeling, saying in a note of customers, “stopping the mutual definitions except for China that the US economy may avoid slow growth and high inflation.”

The Wall Street Bank added: “The uncertainty about trade will continue and may now increase the incomplete imports, which praise the growth in the second quarter,” Wall Street added.