President Donald Trump suggested Sunday that his sweeping tariffs would help him reduce income taxes for people making less than $200,000 a year, as public anxiety rises over his economic agenda.

Trump also has expressed interest in preserving and expanding the tax cuts passed during his first term, many of which are set to expire at the end of the year. His proposals include exempting workers’ tips and Social Security earnings from taxation and cutting the corporate tax rate further to 15% from 21%.

Just when there seemed to be little hope that Donald Trump would reverse his aggressive tariff plans, Mr. Market saved the day, forcing the U.S. president to reverse course. But what might be at the root of Trump’s U-turn is not concern about tanking markets,