Right now that’s what the market is supposing - Kevin Hassett gave an interview that stressed this is not a trade war, it’s drug war.
Further the it’s been confirmed that the Canadian PM and Pres Trump have talked vis phone today & will talk some more later - around 8.00 pm gmt
So hints of a deal on the drug war?
Edit - the Hasset interview was today
Interview here
NEC Director Kevin Hassett on Pres. Trump’s tariffs: This is not a trade war, this is a drug war