Latest news with #HouseofWings
Yahoo
6 days ago
- Business
- Yahoo
What is 'TACO trade?' The Trump acronym about tariffs, explained
President Donald Trump has bemoaned a new acronym that has been used to describe his approach to tariffs. Financial Times columnist Robert Armstrong coined "TACO trade" in May, describing how some investors anticipate market rebounds amid Trump's on-again, off-again tariff policies. Trump hit back at a reporter who asked about the term on May 28, saying, "you ask a nasty question like that. It's called negotiation." But the notion of TACO trade has taken off online, with several artificial intelligence images of Trump adorned in tacos or chicken suits being shared online alongside memes about the term. So, what does TACO trade mean? More: US stocks mostly lower as Trump escalates tariff threats The acronym stands for "Trump always chickens out." Armstrong describes TACO trade as many investors' strategy to buy into the market that dips when Trump announces steep tariffs on the assumption that he will back off his tariff order, and the market will rebound. The Trump administration has issued tariffs on imports from top trade partners like Mexico, Canada and China that have subsequently been walked back. On April 2, which he deemed as "Liberation Day," he announced a slate of baseline tariffs on the majority of countries in the world, promising steeper rates for a subset of countries that would go into effect soon after the announcement. But he later delayed the steeper tariffs. An analysis from the Washington Post found the Trump administration has announced new or revised tariff polices more than 50 times since taking office, though many of the moves were short-lived. U.S. stocks faced volatility in the aftermath of many tariff announcements. A reporter asked Trump about his response to the "TACO trade" jab in a May 28 White House press conference. "Oh, isn't that nice. I chicken out. I've never heard that," Trump said, going on to defend his tariff decisions by arguing that establishing the high tariffs has prompted global leaders to negotiate. "We had a dead country ... people didn't think it was going to survive, and you ask a nasty question like that," Trump said. "It's called negotiation ... don't ever say what you said." The internet has had a field day with the term "TACO trade." Memes, AI images and videos riffing on Trump with tacos and chickens have been shared on X and Bluesky. One clip has been resurfaced countless times: a video of Trump's 2004 "Saturday Night Live" appearance in a skit promoting 'Donald Trump's House of Wings.' In it, a yellow-suited Trump is joined by singing chicks in eggs played by SNL stars Amy Poehler, Maya Rudolph, Seth Meyers and Kenan Thompson. The skit, which came out at the height of Trump's fame as the host of "The Apprentice" spoofed on Trump's propensity to put his name on things he sells, according to People. Contributing: Joey Garrison, Jim Sergent, USA TODAY Kinsey Crowley is the Trump Connect reporter for the USA TODAY Network. Reach her at kcrowley@ Follow her on X and TikTok @kinseycrowley or Bluesky at @ This article originally appeared on USA TODAY: TACO and Trump explained: Tariff term goes viral on social media
The Herald Scotland
03-06-2025
- Business
- The Herald Scotland
TACO and Trump explained: Tariff term goes viral on social media
Trump hit back at a reporter who asked about the term on May 28, saying, "you ask a nasty question like that. It's called negotiation." But the notion of TACO trade has taken off online, with several artificial intelligence images of Trump adorned in tacos or chicken suits being shared online alongside memes about the term. So, what does TACO trade mean? More: US stocks mostly lower as Trump escalates tariff threats What does the TACO acronym stand for? The acronym stands for "Trump always chickens out." Armstrong describes TACO trade as many investors' strategy to buy into the market that dips when Trump announces steep tariffs on the assumption that he will back off his tariff order, and the market will rebound. What has Trump done with tariffs that prompted 'TACO trade' The Trump administration has issued tariffs on imports from top trade partners like Mexico, Canada and China that have subsequently been walked back. On April 2, which he deemed as "Liberation Day," he announced a slate of baseline tariffs on the majority of countries in the world, promising steeper rates for a subset of countries that would go into effect soon after the announcement. But he later delayed the steeper tariffs. An analysis from the Washington Post found the Trump administration has announced new or revised tariff polices more than 50 times since taking office, though many of the moves were short-lived. U.S. stocks faced volatility in the aftermath of many tariff announcements. Trump reacts to 'TACO trade' questions A reporter asked Trump about his response to the "TACO trade" jab in a May 28 White House press conference. "Oh, isn't that nice. I chicken out. I've never heard that," Trump said, going on to defend his tariff decisions by arguing that establishing the high tariffs has prompted global leaders to negotiate. "We had a dead country ... people didn't think it was going to survive, and you ask a nasty question like that," Trump said. "It's called negotiation ... don't ever say what you said." Trump's 2004 SNL skit resurfaces amid 'chickening out' accusations The internet has had a field day with the term "TACO trade." Memes, AI images and videos riffing on Trump with tacos and chickens have been shared on X and Bluesky. One clip has been resurfaced countless times: a video of Trump's 2004 "Saturday Night Live" appearance in a skit promoting "Donald Trump's House of Wings." In it, a yellow-suited Trump is joined by singing chicks in eggs played by SNL stars Amy Poehler, Maya Rudolph, Seth Meyers and Kenan Thompson. The skit, which came out at the height of Trump's fame as the host of "The Apprentice" spoofed on Trump's propensity to put his name on things he sells, according to People. SNL skit 'Trump's House of Wings' 2004 — Historic Vids (@historyinmemes) May 12, 2024 Contributing: Joey Garrison, Jim Sergent, USA TODAY Kinsey Crowley is the Trump Connect reporter for the USA TODAY Network. Reach her at kcrowley@ Follow her on X and TikTok @kinseycrowley or Bluesky at @
The Independent
24-02-2025
- Entertainment
- The Independent
Trump says Zelensky is a ‘moderate comedian'? Takes one to know one…
Of all the bare-faced lies that Donald Trump invented to attack Volodymyr Zelensky, the most bizarre was his jibe that the Ukrainian president was a 'modestly successful comedian'. For as viewers of Servant of the People, which aired on Channel 4, know, Zelensky is actually a very funny writer, an endearing performer and a brilliant satirist of vain, corrupt and overweening politicians … such as Trump. But what of Trump's own comedic abilities? In the wake of his diatribe against Zelensky, an old video has resurfaced on the internet in which the future US president shows his hand as a light entertainer. It is, however, not pretty viewing. Trump appears wearing an egg-yolk-yellow suit and gold tie, surrounded by dancers in chicken costumes. 'Cock-a-doodle doo, folks,' he says. The clip, made in 2004 for American satirical show Saturday Night Live and once thought deleted, is a spoof commercial for 'Donald Trump's House of Wings', a caricature of his tacky salesmanship and taste for slapping his own name on companies and skyscrapers. Spoof Trump tells us that wings are the best part of the bird: 'better than the head, better than the back'. The joke, probably scripted by SNL veteran Seth Meyers, is that they are the cheapest, most disposable meat available – yet Trump would shamelessly market them as a delicacy to the ignorant masses. Meyers was far-sighted, nailing the character of a future president who would lie shamelessly about his own record and the records of his rivals. Few of his lies are uglier or more dangerous than his false claim that Zelensky was a 'dictator' with a low four per cent approval rating with voters and 'started' the war with Russia. The truth is that Zelensky remains hugely popular, with a 57 per cent trust rating, and the reason Ukrainians cannot vote is that daily missile attacks since Putin's illegal invasion make it impossible to hold elections. One current president did, infamously, attempt to subvert the verdict of a democratic election but that was not in Kyiv but in Washington, when Trump encouraged his supporters to protest at Congress. Now, he allies with Putin who imprisons and murders popular rivals. In the SNL clip, Trump reads out the script without appearing to notice that he is taking part in a satire of himself. Or more likely he doesn't care, because he calculates that any exposure on TV was good for his rapidly expanding media profile. He goes on to promise in a wooden delivery, 'five different levels of hotness. Regular, hot, fire alarm, suicidal, and hell spawn.' Much funnier are the chicken dancers who sing that 'if you want blue cheese, it'll be a dollar extra', mocking Trump's reputation for squeezing the last dollar from a deal. Like demanding Ukraine's mineral wealth as payment for past US support. The clip is proof that you don't get to be the best comedian by having the biggest microphone. But it is also instructive to compare and contrast Trump's humour with that of Zelensky. The Ukrainian president's wit punches up – with skits aimed at politicians, corruption, bureaucrats and all those in authority, including positions of petty power, who make life horrible for their neighbours and underlings. His humour sides with the ordinary citizens, the long suffering victims of self-serving elites. Trump's jokes, however, always punch downwards. Even in his role as leader of the free world he has made off-colour remarks about the disabled, once appearing to mimic a reporter who suffers from a congenital condition, prisoners of war and foreigners as 'people from s***thole countries'. When Kamala Harris declined a dinner invitation, he told the crowd, 'if the Democrats really wanted us to have someone 'not be with us' this evening, they would have just sent Joe Biden'. In scripted after-dinner speeches, he makes the traditional self-deprecating jokes, but they just confirm he's the most important guy in the room. In 2004, the SNL audience cheered Trump's appearance. But that was when he just seemed to be a ridiculously vain businessman who was willing to be lampooned on live TV to feed his insatiable ego. In recent years, Trump's view of the show has soured as it has mocked his presidency. He has accused it of 'one sided coverage' and suggesting that it should be investigated. Less funny are his attacks on Zelensky, who is not only a much better comedian but also brave, principled and honourable – and an inspiring war leader who has endured with grace three years of horrific bloodshed following Putin's illegal invasion. Trump's own military record is non-existent. So, while a new generation is enjoying the spectacle of Trump looking ridiculous with those chicken dancers more than 20 years ago, there is really nothing left to laugh about.
