Latest news with #TrumpAlways
Economic Times
21 hours ago
- Business
- Economic Times
Trump TACO: Trump reportedly fuming after being left in the dark about TACO — sources say he felt blindsided by team
ADVERTISEMENT FAQs ADVERTISEMENT ADVERTISEMENT On Wednesday, Trump got mad during a press conference when a reporter mentioned 'TACO.' TACO stands for 'Trump Always Chickens Out', it's a joke about how Trump often backs down from his tough tariff threats. A senior White House official told CNN that Trump had never heard of the term before that moment, as per even said out loud, 'I've never heard that,' and called it 'the nastiest question.' The official said Trump thought the reporter was literally calling him a chicken. Trump felt frustrated, not just because of the term, but because his own team didn't warn him about it becoming popular, according to the report by vented to his team right after the press conference. The term hurt Trump because it made him seem weak, and he hates being seen that way. One source said Trump got upset because people didn't understand he uses tariff threats as leverage in explained at the event that sometimes he sets high tariffs, then lowers them if other countries give him what he wants. 'It clearly bothered him,' the source added, saying Trump doesn't like being called recently, Trump threatened a 50% tariff on the EU, but then extended talks instead of acting immediately. He also re-threatened China with more tariffs but pulled back after making a new deal. Last month, Trump raised tariffs on Chinese goods to 145%, but now they're down to 30%.The term 'TACO' first came from a May 2 article by Robert Armstrong of the Financial Times. Armstrong writes a finance newsletter called Unhedged, where he uses 'TACO' to explain Trump's back-and-forth trade said markets learned not to panic too much because Trump often backs off when economic pain gets real. The 'TACO' theory says this, when Trump makes a scary tariff threat, stocks fall, but they bounce back when he steps down. The nickname started becoming a joke among finance people on X. It got even bigger, analysts and economists started using it in reports and client Armstrong was surprised how fast the term spread in Wall Street circles. On his podcast, Armstrong said social media is a mystery to him. He joked that he hopes TACO doesn't make Trump stop 'chickening out,' because backing away from bad policies is a good thing, as per the Financial Times wasn't happy with the term at all, he told the reporter, 'You call that chickening out? It's called negotiation', as per stands for 'Trump Always Chickens Out', a joke about him pulling back on trade didn't know about it and felt it made him look weak in front of the media.
Mint
21 hours ago
- Business
- Mint
From TACO, FAFO to MEGA: Acronyms investors are loving in Donald Trump era
Donald Trump's love for catchy acronyms has been quite evident during his four-month presidency till now, and the US President is often seen turning catchphrases like MAGA, DOGE and MAHA into slogans. Now, market observers have taken a cue to follow his path, coming up with a few of their own acronyms that have been spreading across the trading industry. As per a report by Reuters, traders say that these acronyms are relevant for Trump-era markets, such as volatility and uncertainty, which investors need to consider when making decisions. Some of the new labels are associated with investment strategies that aimed to capitalise on Trump's economic and trade polices and international relations goals. Others are targeted at economic implications or his U-turns as markets and trade partners react to his proposals. From TACO to FAFO, here are some of the new acronyms that have captured the investment world in the recent times: TACO stands for 'Trump Always Chickens Out'. The word was coined by a Financial Times columnist and refers to the US President's tendency to go back and forth on tariffs and trade deals in the wake of his April 2 "Liberation Day" speech. When asked about TACO earlier this month, Trump was visibly offended. An acronym for 'Fuck Around and Find Out', FAFO is a word that has been there for quite a long time. However, it has found some renewed relevance as a favourite work at trading desks. It is used to capture the financial market's volatility and chaos that Trump's policymaking process has created. This MAGA stands for 'Make America Go Away' first appearing in response to Vice President JD Vance's brief and unfruitful visit to Greenland, the autonomous territory of Denmark, which Trump has expressed interest in annexing. At least one Canadian investor says that quip is making the rounds of trading desks in Toronto and Montreal and sparking "wishful thinking" about simply boycotting US investments, as per Reuters. Meaning Make Europe Great Again, MEGA was first coined last year to address European competitiveness. It has resurfaced this Spring as a way to describe the flurry of investor interest in and flows into European markets. It's been revived by investors and traders in light of the outperformance European stocks in the immediate aftermath of Trump's "Liberation Day" tariffs bombshell.
Economic Times
21 hours ago
- Business
- Economic Times
Trump reportedly fuming after being left in the dark about TACO — sources say he felt blindsided by team
Live Events FAQs (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel On Wednesday, Trump got mad during a press conference when a reporter mentioned 'TACO.' TACO stands for 'Trump Always Chickens Out', it's a joke about how Trump often backs down from his tough tariff threats. A senior White House official told CNN that Trump had never heard of the term before that moment, as per even said out loud, 'I've never heard that,' and called it 'the nastiest question.' The official said Trump thought the reporter was literally calling him a chicken. Trump felt frustrated, not just because of the term, but because his own team didn't warn him about it becoming popular, according to the report by vented to his team right after the press conference. The term hurt Trump because it made him seem weak, and he hates being seen that way. One source said Trump got upset because people didn't understand he uses tariff threats as leverage in explained at the event that sometimes he sets high tariffs, then lowers them if other countries give him what he wants. 'It clearly bothered him,' the source added, saying Trump doesn't like being called recently, Trump threatened a 50% tariff on the EU, but then extended talks instead of acting immediately. He also re-threatened China with more tariffs but pulled back after making a new deal. Last month, Trump raised tariffs on Chinese goods to 145%, but now they're down to 30%.The term 'TACO' first came from a May 2 article by Robert Armstrong of the Financial Times. Armstrong writes a finance newsletter called Unhedged, where he uses 'TACO' to explain Trump's back-and-forth trade said markets learned not to panic too much because Trump often backs off when economic pain gets real. The 'TACO' theory says this, when Trump makes a scary tariff threat, stocks fall, but they bounce back when he steps down. The nickname started becoming a joke among finance people on X. It got even bigger, analysts and economists started using it in reports and client Armstrong was surprised how fast the term spread in Wall Street circles. On his podcast, Armstrong said social media is a mystery to him. He joked that he hopes TACO doesn't make Trump stop 'chickening out,' because backing away from bad policies is a good thing, as per the Financial Times wasn't happy with the term at all, he told the reporter, 'You call that chickening out? It's called negotiation', as per stands for 'Trump Always Chickens Out', a joke about him pulling back on trade didn't know about it and felt it made him look weak in front of the media.
Yahoo
2 days ago
- Business
- Yahoo
Investor playbook: 'TACO' trade gains steam but isn't foolproof
US markets (^GSPC, ^IXIC, ^DJI) are swinging on shifting trade signals and tariff uncertainty tied to President Trump's latest comments and legal setbacks. Yahoo Finance Senior Reporter Allie Canal breaks down how the so-called "TACO" trade ("Trump Always Chickens Out") is shaping investor sentiment and what to watch ahead of jobs data next week. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Well, it's been another busy week of policy pivots, headline whiplash, and economic data that's left investors more confused than confident. But through it all, one phrase has gained prominence this week: the "Taco Trade," short for "Trump Always Chickens Out." That phrase sums up a growing view that while the president talks tough on tariffs, he rarely follows through. And it's that assumption that's driven the market recovery we've seen over the past month. Still, it's not foolproof. We saw sentiment take a hit today after Trump fired off a post on Truth Social, accusing China of quote "violating its trade deal." Just hours later, Bloomberg reported the Trump administration is planning to tighten tech sanctions targeting Chinese subsidiaries that have been skirting existing curbs. The news initially sent stocks sharply lower, before we saw a bit of a rebound heading into the close, and adding another twist to the saga, a federal trade court in Manhattan struck down a swathe of Trump tariffs, citing legal flaws in how they were imposed. And although a federal appeals court temporarily paused that ruling, it's just adding more fuel to the fire when it comes to a lot of this market uncertainty. Looking ahead, some say stocks are banking too heavily on Trump backing down again. Here's what Wall Street experts told Yahoo Finance this week. We told Donald Trump that that we have this Taco Trade, and so I worry a little bit that that actually makes him bear down a little bit more and decide to be more, you know, more gripping on some of these tariff trades. And so, I have a little bit of a concern that that creates actually more uncertainty. So, I don't think this is the last word on tariffs, but I agree this is a roller coaster ride, not good for long-term planning and not good for corporate investment. Based on the past, we're going to get a lot of, "He loves me, he loves me not," the Taco Trade, the Tofu Trade. We're going to get a lot of that talk back and forth. But what investors really need to be focused on is economic data, especially the jobs week that's coming up next week and what the Fed is doing in response. So, bottom line here, the Taco Trade may still potentially have some mileage, but as politics, policy, and legal realities collide, that bet could be looking a lot riskier. And guys, I looked up what exactly the Tofu Trade is that Callie Cox referenced. Apparently, it's been circulating on ExitStat. Trump always likes to intervene when markets are at highs. I don't really know how the acronym plays out fully there, but it just goes to show how investors are really trying to understand this administration amid all of these shifting trade policies. Yeah, it is hard to follow. Acronyms can help though. Ali, thank you, appreciate it.
Yahoo
2 days ago
- Business
- Yahoo
Investor playbook: 'TACO' trade gains steam but isn't foolproof
US markets (^GSPC, ^IXIC, ^DJI) are swinging on shifting trade signals and tariff uncertainty tied to President Trump's latest comments and legal setbacks. Yahoo Finance Senior Reporter Allie Canal breaks down how the so-called "TACO" trade ("Trump Always Chickens Out") is shaping investor sentiment and what to watch ahead of jobs data next week. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Sign in to access your portfolio
