Taco Trump: The Story Behind the Nickname and the Trade Wars

The origin of the nickname "Taco Trump" for Donald Trump is explained in a recent ITV News report. Wall Street analysts coined this term to highlight President Trump's approach to international trade, characterized by threatening high tariffs only to later reduce or cancel them. Robert Armstrong, a Financial Times commentator, explained that the acronym TACO (Trump Always Chickens Out) perfectly captures this strategy. The video shows clips of Trump's press conferences and statements, illustrating his pronouncements on tariffs. "He threatens tariffs, but then reduces or cancels them days or weeks later," Armstrong stated. This pattern has been observed in dealings with China and other nations. Adding to the complexity, a federal court recently blocked Trump from imposing certain tariffs, claiming they exceeded the president's authority under the 1977 International Emergency Economic Power Act. The Trump administration is challenging this court decision. The video's concise and factual presentation makes it an excellent source for a news report.