This shit is confusing – Original Announced Tariffs are still basically in place and market goes up?

This shit is confusing - the original announced tariffs are still in place, yet the market rallies like we just got a full trade deal. Did I miss something? Are investors just relieved it wasn’t worse? Or is this one of those “bad news was already priced in” situations?

Curious what y’all are thinking. I have over $500,000 in the stock market at the moment