Trump Fires Back at “TACO Trade” Critics: “It’s Called Negotiation”
So, here’s what’s making waves this week: the “TACO Trade.” No, I’m not talking about actual tacos — although that’d be a much tastier story. This term, which stands for “Trump Always Chickens Out,” has started popping up in financial and political circles. It’s a jab at former President Donald Trump’s unpredictable approach to tariffs and trade. Basically, critics are saying he talks tough, spooks the markets, and then backs off. But Trump isn’t having any of it.
Speaking from the White House, Trump was asked directly about the “TACO Trade” during a CNBC interview. His response? Classic Trump. He immediately denied ever backing down and insisted this was all part of a strategic plan. “You call that chickening out? It’s called negotiation,” he said, dismissing the question as “nasty.”
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Let’s rewind a bit. Trump recently announced a steep 50% tariff on the European Union. That news caused a pretty steep drop in the stock market — but just a couple of days later, he delayed the tariff. Why? According to Trump, the EU blinked first. He claimed that after his tariff threat, the Europeans were suddenly ready to talk and meet “anytime you want.” Whether that’s accurate or just his spin, it’s part of his broader argument that these aggressive tactics are working.
And interestingly, markets did rebound after he announced the delay. So, it’s clear his trade moves — or at least the perception of them — do have an immediate impact on Wall Street.
But here’s where it gets complicated. Trump argues that the “TACO” label is unfair because in his eyes, delaying or adjusting a tariff isn’t a sign of weakness — it’s leverage. It’s part of the deal-making process. Still, critics argue that this on-again, off-again style causes unnecessary uncertainty in global markets and undermines long-term trade strategy.
Trump, though, seems to wear the criticism as a badge of honor. “The sad thing is, now, when I make a deal with them, it’s something much more reasonable, they’ll say, ‘Oh, he was chicken,’” he said. “That’s so unbelievable.”
Whether you see it as savvy negotiation or erratic policymaking, one thing’s for sure — the “TACO Trade” nickname is going to stick around in headlines for a while. And if there’s one thing Trump knows how to do, it’s stay in the center of the conversation.
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