Wall Street has a new shorthand about President Donald Trump — and he’s
not happy about it.
Traders have reportedly come up with the acronym TACO, which stands for “Trump always chickens out,” to take advantage of the trade environment created by the president’s habit of threatening to impose tariffs on countries, and then backing off at the last moment.
He bristled when asked about it Wednesday in an Oval Office press
conference.
“Don’t ever say what you say, that’s a nasty question,” Trump told a journalist who asked for his response to the acronym. “To me that’s the nastiest question.”
Trump rejected the idea that his reversals on tariffs amounted to him
backing down, saying that usually receives a different critique.
“They will say oh he was chicken, he was chicken, that’s so unbelievable,” Trump said about the EU tariff extension, adding, “I
usually have the opposite problem — they say you’re too tough!”
The “TACO” trades, first coined by the Financial Times, are one of the
ways Wall Street has managed to profit from the chaos of the Trump administration.
https://www.politico.com/news/2025/05/28/trump-wall-street-acronym-tariffs-00372814
Poor Trump. The street cred is gone.
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“The West as we knew it no longer exists”
-- Ursula von der Leyen
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