- Mar 11, 2015
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I'm not talking about food either. I'm talking about the new Wall Street phrase. TACO = Trump Always Chickens Out. Thisis what Wall Street now uses to define Trump's threats of tariffs because he always backs off, just like he did this week with the EU.
The term was coined by Robert Armstrong, a writer for the Financial Times, and is intended to capture how markets have fallen on Trump’s vow to impose steep tariffs on imports to the United States and then jump back up when Trump announces pauses on those tariffs.
What is the ‘TACO trade’ on Wall Street?
There’s a new trade on Wall Street: the TACO trade, standing for “Trump Always Chickens Out.”The term was coined by Robert Armstrong, a writer for the Financial Times, and is intended to capture how markets have fallen on Trump’s vow to impose steep tariffs on imports to the United States and then jump back up when Trump announces pauses on those tariffs.