Shift in the diplomatic landscape: Trump walks back aggressive tariff threats against Denmark over Greenland, signaling a change in approach. Force is no longer on the table—instead, negotiations appear to be progressing. This pivot matters for markets paying attention to trade policy volatility and its ripple effects on risk assets. When tensions ease on the geopolitical front, it typically influences broader economic sentiment and investor appetite for alternative assets. The move suggests a preference for deal-making over escalation, which could provide some near-term stability to macro conditions that traders have been monitoring closely.