Heard about TACO for the first time last week. Not the new Australian Mexican place
US trade court blocks Donald Trump tariffs, saying they exceeded any authority - BBC NewsThats a bigger TACO than the others?
"Wall Street has been riding a historic roller coaster the past few months due to President Donald Trump’s on-again, off-again tariff threats. Now, investors are learning to take his words with a grain of salt — and a bit of salsa, too.
That’s because there’s a new type of trade taking hold: TACO, short for Trump Always Chickens Out. In other words, don’t fret too much about Trump’s latest tariff threat and go on a selling spree, because eventually he’ll back down and a relief rally will ensue.
Trump said he first learned of the term, coined by Financial Times commentator Robert Armstrong, on Wednesday when a reporter sought his reaction to it.
“I chicken out? Oh, I’ve never heard that. You mean because I reduced China from 145% that I set down to 100 and then to another number?” Trump said Wednesday,
"
The Majic pudding was my name for him. TACO fits of course,
