Of course the market reaction, though positive, was also fairly modest.
By this point, there is nothing especially surprising about the fact that Trump has abandoned his campaign commitments in favor of an industry-friendly approach. But it is striking nonetheless, especially since other controversial Trump moves like pulling out of the nuclear agreement with Iran or canceling the Deferred Action for Childhood Arrivals program are frequently described as Trump trying to keep campaign promises.
The president is very selective about which promises he keeps, with the “economic populist” ones seemingly always the ones to end up on the cutting room floor.
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