It seems like the winds of change might finally be blowing from the White House towards the Great Wall of China. President Trump is gearing up potential trade talks with China, signaling that they might not need those new tariffs after all. While the hawks in Washington have remained mum about whether Trump has dialed up President Xi directly for coffee and chit-chat, the chatter around the swamp suggests things are moving in the right direction. After all, Wall Street’s been on quite the rollercoaster ever since this whole trade war fiasco began. Maybe Wall Street caught wind of Trump’s potential armistice, as stocks looked ready to jump when the markets opened.

Meanwhile, folks seem to be whispering sweet nothings about tariffs, claiming that the sky-high levies that reached a staggering 145% might actually come down. Sure, nobody’s expecting those numbers to crash down to zero, but given that even Wall Street bigwigs are chirping about a truce, it’s enough to make an investor’s heart flutter. The administration already paused on pulling the trigger for more sweeping tariffs to, perhaps, give peace a chance. But with no fresh trade deals inked yet, the suspense is as high as a cat left alone in Times Square.

Now, in a plot twist worthy of a soap opera, Trump has hinted that he won’t give Federal Reserve Chairman Jerome Powell the pink slip, at least for now. The past week’s drama had everyone wondering if Trump, in true reality TV fashion, would fire Powell before his term ends next May. Turns out, Trump expects more interest rate cuts and maybe, just maybe, the market liked this development enough to stay positive. I guess when a president’s whims align with Wall Street, it’s something magical—if you believe in magic, that is.

In the big game of “Let’s Make a Deal,” one might think that countries lining up for a trade handshake are vying for a meet-and-greet with Trump himself. Yet, as the dance around the deal table continues, it seems some nations are taking a peek at alternative dance cards, particularly in relation to China. Europe, for one, wants to keep its options open like a savvy shopper at Black Friday sales. The White House, keen on isolating China, seems to be trying the old high school tactic: if you’re with us, you can’t sit with them. So far, nobody is revealing if they are willing to ditch China just yet.

Finally, in the epic staring contest between the U.S. and China, some think it’s the perfect time to hold that gaze. There are hints that the focus should be on getting what’s overdue from China, like respect for intellectual property and an end to their knock-off innovations that end up on Amazon’s virtual shelves. After all, two-thirds of Amazon’s products hail from China. Maybe it’s time for China to stop making up new names for existing things. As for American dignitaries, it’s the ultimate stand-off, and they wouldn’t want to blink now when they hold the cards, and, by cards, I mean market cap.