Wall Street is increasingly betting that Trump will blink first in the tariffs stand-off

Wall Street is increasingly betting that Trump will blink first in the tariffs stand-off

Trump Always Chickens Out – or TACO for short. Investors like narratives to explain the financial world, and they appear to have seized on this one: whenever Donald Trump faces a market backlash, he will back down.

It would be fair to say the US president did not take kindly to the suggestion that he was being a “chicken” when asked by a reporter at the White House about the term that is gaining traction on Wall Street.

“But don’t ever say what you said,” he added to the reporter. “That’s a nasty question.” Apparently riled, he later returned to the theme, insisting that he was no chicken, and that often people accused him of being too tough.

But recurrent retreats by Trump have become the basis for stock markets rebounding after falls, even as the US president has raised tariffs to their highest level in more than a century.

  • SaltSong@startrek.websiteEnglish
    57·
    2 days ago

    Sad thing is we knew before the election that he needled easily. Whoever decided to stop doing that during the campaign needs to be taken for some wall to wall counseling.

    • barneypiccolo@lemm.eeEnglish
      12·
      1 day ago

      During his first term, there was some issue that he was scheduled to meet with Pelosi and Schumer about, that afternoon. The day before, someone had made some crack about him that got under his skin. Knowing that they’d be meeting with him that afternoon, Pelosi repeated the insult, knowing he’d stew on it all day.

      When the meeting happened, Pelosi and Schumer were waiting in the room when HitlerPig stormed in, hollered for a few minutes, and stormed out, while Pelosi and Schumer tried to hold back their smiles.

      Schumer is a spineless weenie, but Pelosi always knew how to get to HitlerPig, and used it at every opportunity. We need someone to do that now.