The article discusses the emergence of the acronym TACO, coined by journalist Robert Armstrong to describe President Trump's pattern of issuing tariffs and then retracting them. This behavior causes market fluctuations, with tensions rising and then easing based on his decisions. Trump himself responded to the term during a press briefing, rejecting the characterization and claiming it was part of a negotiation strategy rather than a sign of backing down. He emphasized that reducing tariffs reflects successful negotiation rather than cowardice, asserting that threats were part of productive discussions.
This is the TACO theory: Trump Always Chickens Out. The U.S. administration does not have a very high tolerance for market and economic pressure.
I chicken out? I've never heard that. You mean because I reduced China from 145% that I set, down to 100, and then down to another number?
You call that chickening out? It's called negotiation. They wouldn’t be over here today negotiating if I didn't put a 50% tariff on Europe.
They say, 'You're too tough, Mr. President.' That's unbelievable.
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