Trump's tariff reversal may only extend Wall Street's pain

Win McNamee/Getty Images

• Trump's tariff pause was great for stocks, but for deals, it just kicks the can down the road.
• Wall Street was already contending with hiring freezes and lower bonus expectations.
• Bankers and PE execs share how they are spending their time as they wait for clarity.

Long hours, hiring freezes, and a souring bonus outlook. This is the life of the Wall Street dealmaker right now as M&A stalls amid continued uncertainty over Trump's tariffs.