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We are now more than four months into President Donald Trump's second term.

It's not a neat landmark like 100 days, but it's a good time to look back because the last

three weeks have brought us some relative calm.

We have answered some questions like, will the U.S. find a way to negotiate with China?

For now, yes.

Will the markets rebound after the initial, quote unquote, liberation day tariffs?

For now, yes.

And yet, these answers don't really have the feel of being totally final.

This is Swamp Notes, the weekly chat show from the final. This is Swap Notes, the weekly chat show from the Financial Times, where we talk about

U.S. politics, finance, and the economy.

I'm your host, Mark Filipino, and this week we're doing a live show, and we're asking,

what will the next few months of President Trump be like?

Here with me to discuss is Katie Martin.

She's our markets columnist and the co-host of the F.T.'s

...