Rich Lowry discussed the nickname 'TACO,' meaning Trump Always Chickens Out, which has gained traction among Wall Street professionals. This term emerged following a press conference where President Trump rebuffed accusations that he tends to retreat from his tariff threats. Analysts believe that his inconsistent approach to tariffs has influenced market reactions positively since he often backs down. While Trump defended his economic policies, Lowry acknowledged that the catchy name accurately captures a pattern in Trump's dealings.
'TACO' reflects sentiment on Trump's tariff strategies, with Wall Street analysts suggesting he tends to back down, impacting market fluctuations positively.
Lowry noted the nickname's resonance comes from a genuine matter where Trump's tariff threats evolved from bravado to hesitance, showcasing his maneuvering style.
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