The tariff escalation narrative might be cooling off. Major financial institutions are now signaling that trade tensions could be entering a de-escalation cycle, marking a shift from the earlier aggressive posturing. This pivot matters—when large-cap banks start adjusting their stance on geopolitical friction, it typically signals underlying market expectations are recalibrating. The move away from tariff-war rhetoric toward potential negotiation suggests traders and strategists should watch how this reshapes capital flow patterns. Fewer tariff concerns could mean different pressures on commodity prices, forex volatility, and cross-border transaction costs. For anyone tracking macro trends or managing asset exposure, this inflection point deserves attention—policy winds are shifting, and markets tend to move ahead of official announcements.