US EditionTrump Responds to Criticism Over Changing Tariff Rates
- President Donald Trump spoke during the swearing-in ceremony of Jeanine Pirro as interim U.S. Attorney General for D.C. on May 28, 2025, in Washington.
- Trump defended his high and fluctuating tariff rates after questions about his habit of raising and then reducing import taxes, a behavior called the TACO trade.
- He initially set tariffs up to 145% on Chinese goods and threatened a 50% tariff on EU products, later lowering rates for negotiations, leading to market volatility.
- Trump said, "It's called negotiation," rejected claims of "chickening out," and said EU officials would not negotiate without his 50% tariff threat.
- His tariff approach caused market sell-offs and rebounds, implied slower growth and price hikes, while Trump claimed it brought $14 trillion in new investment, though this figure is unverified.
22 Articles
22 Articles
Are Trump's tariffs coming or are they not coming? Correspondent Michael Wüllenweber and US journalist Erik Kirschbaum analyse the current developments. It is "chaos pure", which Trump is currently doing, says Kirschbaum. "He will lose the game sooner or later.
Trump ignoring efforts to rescue US from 'river of madness' he created: analysis
President Donald Trump is ‘ignoring’ every effort being made to rescue the United States from the ‘river of madness’ he is creating, according to MSNBC Opinion Editor James Downie.“Over the four months that Trump has blundered ahead with sweeping tariffs, he has been offered chance after chance to change course— and rejected them all,” Downie said. “The earliest warning to the president came from the markets,” the editor wrote. “They tumbled as …
Washington DC, USA.- U.S. President Donald Trump wants the world to know that he is not a "coward" just because he has repeatedly reversed his high-tariff threats. The President's tendency to impose extremely high import taxes and then back down has created what is known as "TACO" trade, an acronym coined by Robert Armstrong of The Financial Times which means "Trump Always Chickens Out." Markets are usually sold when Trump makes his tariff threa…
Trump dismisses question about 'chickening out' on tariffs as 'nastiest'
President Trump on Wednesday dismissed a reporter's inquiry about a derisive new Wall Street acronym to describe his trade policies, saying it was "the nastiest question" that the journalist could ask.
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