Bank of America’s Moynihan Sees Trump’s Tariffs Starting to De-Escalate

Bank of America's CEO, Brian Moynihan, has expressed optimism about the de-escalation of trade tensions between the United States and its trading partners in the coming year. According to Moynihan, the tariffs imposed by the Trump administration in 2025 have had a significant impact on the US economy, causing shockwaves throughout the country. Moynihan's comments suggest that the administration is likely to take a more conciliatory approach to trade negotiations in the future, potentially leading to a reduction in tariffs and a de-escalation of the trade war. This could provide some relief to businesses and consumers who have been affected by the ongoing trade disputes. The article does not provide further details on Moynihan's specific expectations or the basis for his optimism. However, his comments reflect a broader trend of cautious optimism among business leaders and economists, who are hopeful that the new administration will take a more collaborative approach to international trade.