Bank of America CEO Declares Tariffs Settling Like a Toddler Finally Napping
KEY POINTS
- •Bank of America CEO Brian Moynihan said Trump's trade war is calming down after months of tariff chaos.
- •Tariffs are clustering around 15% for many countries, while China remains an exception due to national security concerns.
- •Moynihan noted small businesses struggle more with labor shortages linked to immigration policies than the current tariff rates.
Brian Moynihan, the man running Bank of America and presumably also the world's unofficial Tariff Whisperer, told CBS's Face the Nation that Trump's trade war tantrum is 'de-escalating' now that tariffs have morphed into a sleepy 15% baseline. After months of sending small and medium businesses into 'shocked' mental breakdowns over unpredictability, the chaos has finally blended into something almost business-friendly. Moynihan flags China as the tantrum kid with rare earth minerals and AI gloves off, and USMCA trade is its own drama, queued up for a 2026 sequel. Meanwhile, small businesses aren't just losing sleep over tariffs but also the immigration-labor lottery, desperately needing workers to bid contracts instead of just Googling 'Can I get my workers?'
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15% tariffs: the trade war's equivalent of switching from a firehose to a gentle drip. China and USMCA? Still playing hard to get with the economy's rare earth toys.
Tariffs finally sit down like they’ve been told to, but China’s still that one kid refusing nap time because national security is the ultimate excuse for playground drama.
Bank of America’s CEO calls 15% tariffs ‘de-escalating,’ aka the trade war’s version of slowly backing away from fresh hell.
Source: Businessinsider | Published: 12/29/2025 | Author: Huileng Tan
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