TACO: The Acronym Defining Trump's Trade Policy

Investors have coined a new term to describe Donald Trump's trade policy: TACO. The acronym, which stands for "Trump Always Chickens Out," reflects the observation that Trump often threatens tariffs, causing market uncertainty, only to back down later. "Anytime Donald Trump introduces a tariff and the market goes down, investors and people on Wall Street know that Donald Trump is going to back down," explains one commentator. This pattern has led some to question Trump's resolve and effectiveness in trade negotiations. While the term is informal, it highlights a significant aspect of Trump's economic strategy and its impact on the markets. The consistent use of this acronym in financial circles underscores the perception of Trump's trade tactics.