(C) Daily Kos
This story was originally published by Daily Kos and is unaltered.
. . . . . . . . . .
Trump is TACO - Trump Always Chickens Out [1]
['This Content Is Not Subject To Review Daily Kos Staff Prior To Publication.']
Date: 2025-05-28
Trump has been given a new nickname by the financial world, and rightly so. Trump has over and over tried to impose tariffs, then changes his mind or just lowers them, but you never know what he's going to do, but whatever it is, it will change.
That's why his nickname or codeword is TACO. Trump Always Chickens Out. Trump announced the EU tariffs on Friday, causing the markets to sink. It was used again on Tuesday when he delayed the 50% European Union tariffs from June 1st to July 9th on Sunday. The stock markets rallied on the news and analysts and brokers are calling them TACO trades.
Buyers are working and making money on the TACO logic. Buy stocks affected when they are low, then wait for Trump to change his mind and see the stock value rebound.
University of Michigan economist Justin Wolfers said, "Under no previous presidency did we have active markets betting on a president's resolve."
During a brief press gaggle after swearing in interim Attorney for the District of Washington Jeanine Pirro, CNBC reporter Megan Casella asked Trump about the term.
"Mr. President, Wall Street analysts have coined a new term called the TACO trade. They're saying 'Trump Always Chickens Out' on your tariff threats. And that's why the markets are higher this week. What's your response to that?"
Trump was confused, but answered, "Oh, isn't that nice. Chicken out. I've never heard that. You mean because I reduced China from 145% that I set down to 100 and then another number. I said you have to open up your whole country. And because I gave the European Union a 50%... tariff and they called me up and they said, 'Please let's meet right now.' And I said 'I'll give you until July,' you call that chickening out? 6 months ago this country was stone cold dead. People didn't think it would survive, and you ask a nasty question like that. It's called negotiation... Don't ever say what you said. That's a nasty question."
Well, at least he didn't ask "Who are you with?" But it was a "nasty" question. "Don't ever say what you said." He does not react to criticism well, but we knew that.
The term was coined by Financial Times columnist Robert Armstrong earlier this month when he wrote, "The recent rally has a lot to do with markets realizing that the US administration does not have a very high tolerance for market and economic pressure, and will be quick to back off when tariffs cause pain. This is the Taco theory: Trump Always Chickens Out."
After Trump dealt with the "nasty" question, he tried to recover with a different take on the EU tariff with, "They will say, oh, he was chicken, that's so unbelievable. I usually have the opposite problem --- they say you're too tough."
There were already dozens of meme pictures of Trump being a chicken, stormed by chickens, cartoons of Trump chickens. There will be a lot more to come.
Now he has chicken on his mind, what's left of it. Just wait to see what happens when Trump is asked again. It has to happen because it is so right on.
Video clip of CNBC reporter and Trump on TACO (X).
And don't forget that New York Post cover:
[END]
---
[1] Url:
https://www.dailykos.com/stories/2025/5/28/2324777/-Trump-is-TACO-Trump-Always-Chickens-Out?pm_campaign=front_page&pm_source=more_community&pm_medium=web
Published and (C) by Daily Kos
Content appears here under this condition or license: Site content may be used for any purpose without permission unless otherwise specified.
via Magical.Fish Gopher News Feeds:
gopher://magical.fish/1/feeds/news/dailykos/
