President Donald Trump's tariff announcements are causing considerable anxiety on Wall Street, but they are also a source of mockery and ridicule.
According to HuffPost reporter Ed Mazzo and The Hill's Ian Swanson, some Wall Street investors are using a new term in connection with Trump's tariff announcements: TACO, which stands for "Trump Always Chickens Out." The term, Mazzo reports, "refers to the president’s tendency to announce massive tariffs, causing the markets to plunge, only to back off days later, causing them to rise again." And the term reportedly originated with Financial Times' Robert Armstrong.
Reporting on TACO is receiving a lot of comments on X, formerly Twitter — many of them mocking the president.
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X user Scatlett's Grandpa tweeted, "The so-called TACO trade (Trump Always Chickens Out) is seen in the RCP chart of Trump Approval. It also contains a message that there is a limit to Trump's ability to enforce his tariff agenda. That limit is U.S. voters, not just trade partners."
The Hill tweeted, "There's a new trade on Wall Street: the TACO trade for 'Trump Always Chickens Out.'"
X user Daniel Langelier posted, "Yes, he is a chicken."
Another X user, Syd Cixel, wrote, "Trump has surrounded himself with his billionaire buddies and assorted grifters of all types who are absolutely thrilled that he is such an idiot as they make money hand over fist off of the volatility that trump creates just by being him."
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