Wall Street dubs Trump 'TACO'
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The term was first coined by Financial Times columnist Robert Armstrong and has since caught fire on Wall Street. Traders use “TACO trade” to describe how markets tend to sell off after Trump announces aggressive tariffs — and then rally once he walks them back.
The "Trump always chickens out" trade is the talk of Wall Street — and it's getting trashed at the White House. A reporter on Wednesday asked President Donald Trump what he thought of the "TACO" acronym,