US EditionWall Street's 'TACO Trade' Powers Stock Rally as Trump Defers Tariff Threats
- President Donald Trump announced sweeping reciprocal tariffs on April 2, targeting dozens of countries including China and the European Union.
- These tariffs targeted trade deficits and were intended to bring back manufacturing employment that had declined over many years due to competition from countries with lower labor costs.
- Trump frequently set very high tariff rates, such as 145% on Chinese goods and 50% on EU imports, then delayed or reduced them after negotiations began.
- The Financial Times coined the acronym TACO—'Trump Always Chickens Out'—reflecting Trump's pattern of announcing and then backing off high tariffs, which caused market volatility; the S&P 500 rallied after tariff pauses were announced.
- This tariff strategy has led to on-again, off-again trade tensions that fluctuate markets, suggesting ongoing uncertainty for investors and the global economy.
172 Articles
172 Articles
Trump lashes out over viral ‘TACO trade’ meme. What does it stand for?
President Donald Trump was confronted with an acronym pointed at his trade policies this week — and while it may sound tasty, the phrase appeared to leave a bad taste in the president’s mouth. “TACO trade,” which stands for “Trump always chickens out,” was coined by Financial Times columnist Robert Armstrong but has since spread across Wall Street and the internet, mocking the president’s back-and-forth on tariff policies. The sentiment behind t…
Wall Street's Resilience Amid Trade Tariff Tumult
Wall Street's Resilience Amid Trade Tariff Tumult In an unexpected turn of events, Wall Street emerged victorious on Thursday, closing higher amidst a tumultuous backdrop of federal court rulings reinstating President Donald Trump's tariffs. This decision, coming just a day after a trade court blocked the tariffs, left the market's major players navigating a complex landscape of uncertainty.Market analysts suggest the tariff issue has become a s…
The internet is using TACO memes to call Trump a chicken and the results are hilarious
Taco Tuesday is the best day of the week, but Wednesday may usurp it as the day President Donald Trump threw a fit after learning what TACO stands for. Amid the stock market’s dramatic ups and downs as Trump institutes tariffs and then calls them off, CNBC's Megan Casella asked the president about Wall Street’s new nickname for him during the May 28 event to swear in former Fox News host Jeannine Pirro as the new interim U.S. attorney in Washing…
No 'TACO' for Trump: President denies he's 'chicken' to stick with tariffs
It was TACO Tuesday in U.S. financial markets. But after each major stock index soared earlier in the week of May 25, President Donald Trump wasn’t in a celebratory mood. Trump learned on Wednesday, May 28, that Wall Street has begun referring to market surges based on his suspension of tariffs on foreign goods as “TACO” trades – short for “Trump Always Chickens Out.” Copy URL Save image Email Facebook Twitter / X Reddit Tari…
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