A coded critique adopted by Wall Street traders to describe President Trump’s whipsawing tariff policies made its way to a White House press briefing on Wednesday.
The “Taco trade”, an acronym that stands for “Trump Always Chickens Out”, describes the pattern of Trump’s threats of blanket tariffs, which often sends stocks tumbling only for the market to recover when he pauses or lifts them entirely.
It has become a favoured term among stockbrokers and analysts trying to navigate the president’s on-again, off-again tariff policies.
Trump appeared unimpressed with the Taco acronym when asked about it by a CNBC reporter during a swearing-in ceremony for Jeanine Pirro as interim US attorney for the District of Columbia.
Traders on Wall Street have been frustrated by Trump’s punitive tariff policies MICHAEL M SANTIAGO/GETTY IMAGES
“I chicken out? Oh, I’ve never heard that,” Trump said, before denying that he had ever backed down.
thrifterbynature on May 28th, 2025 at 21:33 UTC »
TACO, to describe the ongoing tariff turmoil caused by Trump. The acronym stands for “Trump Always Chickens Out”
The_Dutchess-D on May 28th, 2025 at 21:26 UTC »
I love how it's a food we would culturally associate with Mexico too!
invalidpassword on May 28th, 2025 at 21:23 UTC »
T rump
A lways
C hickens
O ut
I predict flags and t-shirts.
Edit: And, of course, hats. However, the vertical format looks best.