Latest news with #TrumpAlwaysChickensOut
News18
5 hours ago
- Business
- News18
TACO Trade: Wall Street Has A New Acronym To Rally Behind, But Donald Trump Thinks It's "Nasty"
Financial Times columnist Robert Armstrong coined a new terminology for US President Donald Trump - TACO or Trump Always Chickens Out. The new term describes how Trump's tariff policies rattled global markets, created a wave of uncertainty, and were eventually termed by a US trade court as illegal, paving the way for a prolonged court battle. Armstrong mentioned that Trump has a habit of announcing a new tariff policy, which takes the markets lower, and then backs out of those, leading to a rebound in the markets, and hence the TACO terminology. n18oc_world n18oc_crux
Buzz Feed
6 hours ago
- Politics
- Buzz Feed
Best Political Tweets 5-30-2025
American politics is chaos right now, but I find it comforting to know I'm not alone in thinking the world has gone bananas. So, here are 24 of the best, most relatable, and sometimes funny political tweets from the last week: TACO stands for Trump Always Chickens Out. See you next week!
Yahoo
6 hours ago
- General
- Yahoo
Fact Check: Fake footage of massive 'TACO' skywriting over Mar-a-Lago likely AI-generated
Claim: Authentic footage from May 2025 depicts the word "TACO" spelled out in the sky above Trump's Florida residence, Mar-a-Lago. Rating: On May 29, 2025, footage allegedly showing the word "TACO" spelled out in contrail vapor above U.S. President Donald Trump's residence in Florida, Mar-a-Lago, circulated the internet. The video spread across multiple platforms, including X (archived), TikTok (archived), Facebook (archived), Instagram Threads (archived) and YouTube. The first post of the video (archived) appeared on X account @SkylineReport, where it garnered more than 1 million views, as of this writing. We were unable to reach the account's owner for comment. Investors began popularizing the term "TACO" ("Trump Always Chickens Out") to characterize claims that whenever Trump faces a market backlash, he will back down. Although several users in the comments appeared to believe that the video was authentic, the footage was fake — and likely AI-generated. First, Google search results of the terms "Trump," "Taco," and "above 'Mar-a-Lago'" yielded no results pertaining to the footage from any reputable news outlet. The results only related to Trump's response to reporters' questions about the term as well as unverified social media posts of the video or similar claims in question. ( Second, there were indications in the video itself of AI-generation. Jet engine vapor trails form letters out of condensation, but an aircraft does not appear in the video until the very end, when it spontaneously appears next to the letter "O" approximately four seconds into the video. If the video were authentic, the aircraft would be visible throughout the video. The video shows dozens of people on the ground beneath the letters. If the footage were authentic, individual social media users would have posted their own footage. Rather, the only footage on the internet is from one angle. The fake footage also depicts a distinctly long building beneath the letters supposedly on the Mar-a-Lago property, but Google Earth imagery of Mar-a-Lago does not appear to show any such building. (Google Earth) Lastly, we ran a screenshot of the video through AI-detection software Hive, and the results were 99.9% likely to be AI-generated. ( Fact Check: FAKE Video Shows 'TACO' in the Sky Over Mar-a-Lago | Lead Stories. 30 May 2025, Accessed 30 May 2025. Jolly, Jasper. '"Trump Always Chickens out": Taco Jibe Ruffles President's Feathers'. The Guardian, 29 May 2025. The Guardian,
Yahoo
8 hours ago
- Business
- Yahoo
Trump irritated that his team didn't tell him about ‘TACO,' sources say
There was a reason for President Donald Trump's particularly scathing response when a reporter asked him Wednesday about a new term coined about the president's tariffs: TACO, or Trump Always Chickens Out. He had not yet heard the term, according to a senior White House official who acknowledged to CNN that the president was caught off guard. Trump had said as much at the time, saying 'I've never heard that' before calling it the 'nastiest question.' 'He thought the reporter was calling him a chicken,' the official said, adding that Trump was 'reasonably' frustrated with the phrase. The acronym was coined in early May by a Financial Times columnist and is now used as shorthand by some on Wall Street to indicate that traders shouldn't fret too much about Trump's tariff threats, since he usually backs down. Trump also vented his frustrations to his team following the exchange, sources familiar with the matter said. He was not only irked by the term itself but also by his team's failure to tell him about the phrase gaining traction. It's a window into what may offend Trump the most: He took clear umbrage with the idea that people perceive his tariff adjustments as weakness. Trump's real-time response also demonstrated his view that the shorthand diminished what he sees as an essential negotiating tactic on trade. He explained on Wednesday that sometimes he sets 'a ridiculous high number' for tariff rates and then relents if other nations give in to his demands. 'It clearly bothered him, primarily because it demonstrated a lack of understanding about how he actually utilizes those threats for leverage,' said one person familiar with the matter. 'But obviously he's not a guy who looks kindly on weakness, so the idea anyone would think that with respect to his actions isn't received well.' Trump, in just the last week, has threatened 50% tariffs on the European Union, then extended the deadline in return for more concrete talks and has threatened to re-escalate his China trade war in an effort to secure compliance with last month's agreement. Last month, he also imposed a 145% tariff on imported Chinese goods, before bringing that back down to 30% this month. The TACO acronym's journey to the Oval Office is, in and of itself, a telling narrative about the current information environment. It originated with a May 2 column from Robert Armstrong, a Financial Times commentator and author of the publication's popular finance newsletter 'Unhedged.' Armstrong coined the phrase as a way of capturing Trump's frequent willingness to walk back, pause or provide carve outs from his most expansive tariff threats. The idea, in short, is that Trump's threats had created a pattern of driving stocks down, only to see them surge when he changed course weeks later. He used the term to try and explain the steady upward trajectory taking place in late April, which he wrote had 'a lot to do with markets realizing that the U.S. 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.' The acronym became something of a running joke on finance Twitter, the informative and generally good-humored corner of X where financial commentators and analysts debate the day's most interesting, market moving or, at times, arcane topics. Within a few weeks, the TACO trade had become a fixture of Wall Street chatter and started appearing in client notes from financial analysts and economists. The rapid acceleration of the acronym's role in finance lexicon caught Armstrong, who has been sharply critical of the economic merits of Trump's tariffs, by surprise. 'The mysteries of social media and media in general are still completely hidden to me,' Armstrong said on the FT's 'Unhedged' podcast. 'The outcome I really, really hope does not happen is that this has anything to do with the president stopping his habitual chickening out,' Armstrong added. 'Let us state clearly, chickening out is good and something to be celebrated. Bad policy chickening out — hooray.' Trump made it clear to the reporter on Wednesday that he preferred a different description. 'You call that chickening out?' Trump asked. 'It's called negotiation.' Kylie Atwood contributed to this report.
Yahoo
10 hours ago
- Business
- Yahoo
U.S. trade rep says China still restricts rare earths as Trump accuses Beijing of violating deal
President Donald Trump said China is violating a deal struck with the U.S. earlier this month to lower their respective tariffs temporarily and de-escalate a trade war to let negotiations play out. U.S. Trade Representative Jamieson Greer, who helped clinch that agreement in Switzerland, said China is still restricting the flow of key minerals. U.S. negotiations with China became increasingly public, with President Donald Trump accusing Beijing of violating a trade deal that was struck earlier this month. After talks in Geneva, Switzerland, both sides agreed on May 12 to slash their respective tariffs from prohibitively high levels for 90 days to let negotiations continue. 'The bad news is that China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US,' Trump wrote in a social media post on Friday. 'So much for being Mr. NICE GUY!' His tough talk comes after Wall Street has learned to expect a quick retreat from his harsh measures in what's been dubbed TACO, or Trump Always Chickens Out. Notably, Trump did not threaten to hike tariffs on China again. Earlier this week, the U.S. Court of International Trade invalidated the extensive tariffs he rolled out on 'Liberation Day,' though an appeals court reinstated them with the case likely heading to the Supreme Court. By contrast, he accused the European Union of slow-walking trade talks last Friday and announced a 50% tariff, then said on Sunday that it would be delayed to July 9. Similarly, the Trump administration claims China is dragging its feet on trade talks. On Friday, U.S. Trade Representative Jamieson Greer, who helped clinch the agreement with China in Geneva, said China is 'slow rolling their compliance, which is completely unacceptable and has to be addressed.' In particular, he claimed Beijing has not followed through on withdrawing additional retaliation to earlier U.S. tariffs, such as curbing exports of rare earths that are critical to the tech, auto, aerospace, and defense sectors. 'You can just read in the news that China continues to you know slow down and choke off things like critical minerals and rare earth magnets,' Greer told CNBC on Friday. Like Trump, he also did not threaten punitive action to get China to increase its exports of rare earths. Instead, he said, 'we're trying to work through that with them.' Meanwhile, the Trump administration has imposed export curbs of its own this week, restricting critical U.S. technologies such as those related to jet engines, chips, as well as certain chemicals and machinery. Those are reportedly in response to China's lack of mineral exports. In a response to Trump's social-media post and Greer's comments, a spokesperson for China's embassy in the U.S. pointed to Trump's trade restrictions. 'Recently, China has repeatedly raised concerns with the US regarding its abuse of export control measures in the semiconductor sector and other related practices,' Liu Pengyu told Fortune in a statement. 'China once again urges the US to immediately correct its erroneous actions, cease discriminatory restrictions against China and jointly uphold the consensus reached at the high-level talks in Geneva.' This story was originally featured on
