Trump Blasts TACO Trade That’s Winning Over Markets
The US president was asked to respond to the tariff-related acronym
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Financial markets love a good acronym, and on Wednesday Donald Trump was asked to respond to the latest.
The so-called TACO trade — which stands for Trump Always Chickens Out — was coined by a Financial Times columnist to describe the practice whereby investors seize on market tumbles after the president makes tariff threats, predicting he will ultimately relent and equities will rebound.