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Trump Is Calling Wall Street’s Bluff on Tariffs

Summary by KIFI
By John Towfighi, CNN New York (CNN) — Wall Street traders embraced the term TACO — Trump always chickens out — earlier this year to describe President Donald Trump’s on-again, off-again position on tariffs. Trump liked to impose hefty import taxes but would inevitably back off when markets plunged, analysts said. Now Trump is calling the market’s bluff. Yet another round of new tariffs went effect on Thursday, lifting the average tax on US impo…

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Real Clear Politics broke the news in Chicago, United States on Sunday, August 10, 2025.
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