Wall Street's 'TACO' Acronym Highlights Trump's Unpredictable Trade Policy

Wall Street coins new acronym 'TACO' to describe Trump's erratic trade policy. A new term, "TACO" (Trump Always Chickens Out), is circulating on Wall Street, reflecting President Trump's recent actions. Analysts attribute Tuesday's 741-point rally in the Dow Jones Industrial Average to this trend. The acronym highlights instances where Trump announces significant tariffs only to later postpone or withdraw them. One analyst noted, "Under no previous presidency did we have active markets betting on the President's resolve." Trump's response to the acronym was reportedly furious, calling the question "nasty." This incident underscores the uncertainty and volatility in the market caused by the President's unpredictable trade decisions. The situation highlights the need for clear and consistent economic policies.