Investors say uncertainty is maintained even after the “surrender in the markets”

US shares grew on Wednesday after Donald Trump has abandoned his plans to hit a huge portion partners with steep tariffs, but investors and analysts said the uncertainty would be stored.

According to FACSET, respectively, the S&P 500 jumped 9.5 percent on Wednesday, while the NASDAQ composite jumped on 12 percent, the best days from 2008 and 2001, according to FactSet.

Trump’s decision to stop its “mutual” tariffs in most countries for 90 days helped reduce some huge shares in recent days, which was caused by Trump’s “Liberation Day” tariff of the week ago.

“This is Trump’s surrender to the markets. He saved his face while keeping tariffs in China,” said Andy Breren, head of the international fixed profit at Natalliance Securities.

Goldman Sachs also quickly canceled its call to enter the recession after Trump’s announcement on Wednesday.

However, Trump has increased tariffs in China on Wednesday, the world’s largest exporter, up to 125 percent and stuck with a number of other levies, including 10 percent universal duties.

Bob Michel, Chief Investment CEO and head of global fixed income, currency and goods in JPMorgan Asset Management, said the bond market did not have a “huge change”.

“There is still so much uncertainty. The bond market is focused on inflation, which goes much above (the federal reserve system), and the Fed tells us that it does not reduce the level,” he added.

Citigroup repeated these sentiments, saying to the clients in the note: “Suspension of mutual tariffs, without China, does not mean that the US economy avoids slowing growth and inflation.”

The Wall Street Bank added: “The uncertainty in the trade will be stored, and imports that are not Chinese can grow while muted by growth in the second quarter.”