Phew. 

There's a lot of trade headlines in the news this week. 

In case you missed it, Donald Trump said that "not nearly enough" progress had been made in talks between U.S. and Mexican officials aimed at solving a simmering border crisis that has raised tensions between Washington and one of its biggest trading partners.

And don't forget about China.

"Our talks with China, a lot of interesting things are happening. We'll see what happens ... I could go up another at least $300 billion and I'll do that at the right time," Trump told reporters on Thursday.

So, after two days of rallies, has the market fully priced in the tariffs?

Jeff Marks, senior portfolio analyst for Jim Cramer's Action Alerts PLUS investing club said Wall Street hasn't quite figured things out yet: 

"I don't fully think so. I think a lot of people are of the belief that there will be some type of solution with Mexico. Now, whether that occurs before the tariffs get implemented and then scale higher, I'm not too sure about. So, but I think there is still that overall belief and then a lot of people are, are pricing in right now what the Fed's going to do. You know, I think [the] consensus now that the next move is cut, not hike and now it's just a matter of how soon it will happen and to what magnitude."

Related. Jim Cramer: Trump Makes Mexico Situation Fluid, and Nothing Is Worse Than Fluid

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