President Trump responded after being asked on Wednesday about the “TACO" trade, a term that stands for “Trump Always Chickens Out” and used to describe a pattern of stocks plunging when the Trump administration announces stiff new tariffs, then surging when the president eases up on them days or weeks later. When a reporter asked Mr. Trump about the term, he called it a “nasty question,” telling her, “don’t ever say what you said.” “It’s called negotiation,” Trump said. “They wouldn’t be over h
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The acronym “TACO” is popping up on Wall Street. It’s a tongue-in-cheek term that stands for "Trump Always Chickens Out” in regard to tariffs, coined by Financial Times journalist Robert Armstrong in a May 2 column. There has been a pattern of stocks plunging when the Trump administration announces stiff new tariffs, and then, when Mr. Trump eases up on them days or weeks later, stocks surge. Here’s more about the “TACO” theory and what the president had to say about it. https://cbsn.ws/3Fz2KlL
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