Latest news with #TACOTrade
Yahoo
2 days ago
- Business
- Yahoo
Trump Melts Down at ‘Why Do You Always Chicken Out' Question
Donald Trump had an Oval Office meltdown over Wall Street's new acronym for his tariffs: TACO Trade, which stands for Trump Always Chickens Out. As Trump took questions during a swearing-in ceremony for Washington D.C.'s new acting attorney general, Jeanine Pirro, a reporter asked the president what he thought of the new phrase. He was clearly unimpressed. 'I chicken out?' he asked. 'I've never heard that. You mean because I reduced China from the 145 percent that I said, down to 100, and then down to another number, and I said: 'You have to open up your whole country? 'And because I gave the European Union a 50 percent tax tariff, and they called up and they said, 'Please let's meet right now? 'It's called negotiation!' he added. The term TACO trade was coined by Financial Times columnist Robert Armstrong earlier this month as the world struggled to make sense of Trump's on-again-off-again trade wars. But the chicken moniker has since taken off among the investors on Wall Street, given the president's tendency to walk back many of his threats. For instance, Trump postponed so-called reciprocal tariffs against trading partners a week after his Liberation Day announcement on April 2. He had threatened to impose 25 percent tariffs on Canadian goods, including steel and aluminum, but later announced a one-month pause. And for all the tough talk on China, he slashed tariffs against the country not long after they were announced. Over the weekend, Trump also delayed a 50 percent tariff on imports from the European Union until July 9. However, he insists the rollercoaster negotiations are all part of the plan. As for the question about being a chicken? 'Don't ever say what you said,' he told the reporter. 'That's a nasty question.' Later, he added: 'I usually have the opposite problem. They say I am too tough.'
Yahoo
2 days ago
- Business
- Yahoo
The internet is using TACO memes to call Trump a chicken and the results are hilarious
Taco Tuesday is the best day of the week, but Wednesday may usurp it as the day President Donald Trump threw a fit after learning what TACO stands for. Amid the stock market's dramatic ups and downs as Trump institutes tariffs and then calls them off, CNBC's Megan Casella asked the president about Wall Street's new nickname for him during the May 28 event to swear in former Fox News host Jeannine Pirro as the new interim U.S. attorney in Washington, D.C. 'Wall Street analysts have coined a new term called the 'TACO Trade.' They're saying Trump always chickens out on your tariff threats, and that's why markets are higher this week,' she said. Financial Times columnist Robert Armstrong coined the term 'TACO Trade' earlier this month, and Trump predictably got angry when he head that it stand for 'Trump Always Chickens Out.' "I've never heard that,' Trump said. 'You mean because I reduced China from 145 percent that I set down to 100, and then down to another number, and I said you have to open up your whole country?" Trump said. "And because I gave the European Union a 50 percent tax—tariff—and they called up and said, 'Please let's meet right now.'" Trump has done about faces on the tariffs he's imposed on both China and the EU, and also put announced 'recirpocal' tariffs on dozens of countries in April before announcing a '90 day pause' on tariffs for all of the countries except for China, CNN reports. The president went on to brag about the U.S. being the 'hottest country anywhere in the world' under his administration before firing back at Casella by falling back on his tried and true misogynistic insult for women. "That's a nasty question. To me, that's the nastiest question,' he said. Somebody should really tell Trump about the Streisand Effect, the phenomenon where an attempt to censor information makes it go viral, because the internet immediately latched on to this new insult and within hours #TACO had gone viral and people started pumping out hilarious and insulting TACO Trump memes. There are AI-generated memes of Trump in a chicken suit, ones where his head has been turned into a taco, people joking that the Village People should now be singing 'Taco, Taco Man…I wanna be a Taco Man,' and people resurfacing old videos of Trump dancing with people in chicken suits. In short? If you need a little joy and serotonin in your life this week, Trump Taco memes are the answer. Keep scrolling to see the funniest Trump memes the internet has to offer! #TACO "Trump: I don't wanna #TACO bout it" "Trump always chickens out." "Congrats to CNBC's Megan Cassella for winning the 'Nasty' Question badge of honour. She is the only reporter with the balls to not bend a knee and ask the Toddler in Chief softball questions." "Taco, Taco Man… I wanna be a Taco Man" *laughing emojis* "Can confirm #TACO" "Did she say 'TACO' stands for Trump Always Chickens Out?" "#TACO" "Taco-Taco Man. I've got to be a Taco Man." "THERE ARE NO TRADE DEALS Because Trump Always Chickens Out" "Putin is laughing at Trump. Bibi is laughing at Trump. Iran is laughing at Trump. The world is laughing at Trump. The United States has never looked weaker. The United States have never been weaker. Good luck digging out of this hole." "TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO." "Right now outside Trump International Hotel at Columbus Circle." "Million dollar idea!" "Let's go TACO" "I should make it my profile picture." "Always. #TACO" "#TACO" "Breaking Trump announces 1 million percent tariffs on all Tacos!" "Trump's mad—if you RT this you'll get deported #TACO on tariffs" "TACO #TACOTrump Trump Always Chickens Out"
Yahoo
2 days ago
- Business
- Yahoo
‘No one is humiliating Donald Trump except for Donald Trump': Nicolle on Wall Street mocking Trump
Robert Armstrong, US Financial Commentator for the Financial Times and Charlotte Howard, Executive Editor for The Economist join Nicolle Wallace on Deadline White House with reaction to Donald Trump lashing out at the press over Wall Street coining a new term to mock his tariff policy, 'TACO Trade', which stands for Trump Always Chickens Out.
Yahoo
2 days ago
- Business
- Yahoo
The internet is using TACO memes to call Trump a chicken and the results are hilarious
Taco Tuesday is the best day of the week, but Wednesday may usurp it as the day President Donald Trump threw a fit after learning what TACO stands for. Amid the stock market's dramatic ups and downs as Trump institutes tariffs and then calls them off, CNBC's Megan Casella asked the president about Wall Street's new nickname for him during the May 28 event to swear in former Fox News host Jeannine Pirro as the new interim U.S. attorney in Washington, D.C. 'Wall Street analysts have coined a new term called the 'TACO Trade.' They're saying Trump always chickens out on your tariff threats, and that's why markets are higher this week,' she said. — (@) Financial Times columnist Robert Armstrong coined the term 'TACO Trade' earlier this month, and Trump predictably got angry when he head that it stand for 'Trump Always Chickens Out.' "I've never heard that,' Trump said. 'You mean because I reduced China from 145 percent that I set down to 100, and then down to another number, and I said you have to open up your whole country?" Trump said. "And because I gave the European Union a 50 percent tax—tariff—and they called up and said, 'Please let's meet right now.'" Trump has done about faces on the tariffs he's imposed on both China and the EU, and also put announced 'recirpocal' tariffs on dozens of countries in April before announcing a '90 day pause' on tariffs for all of the countries except for China, CNN reports. The president went on to brag about the U.S. being the 'hottest country anywhere in the world' under his administration before firing back at Casella by falling back on his tried and true misogynistic insult for women. "That's a nasty question. To me, that's the nastiest question,' he said. Somebody should really tell Trump about the Streisand Effect, the phenomenon where an attempt to censor information makes it go viral, because the internet immediately latched on to this new insult and within hours #TACO had gone viral and people started pumping out hilarious and insulting TACO Trump memes. — (@) There are AI-generated memes of Trump in a chicken suit, ones where his head has been turned into a taco, people joking that the Village People should now be singing 'Taco, Taco Man…I wanna be a Taco Man,' and people resurfacing old videos of Trump dancing with people in chicken suits. In short? If you need a little joy and serotonin in your life this week, Trump Taco memes are the answer. Keep scrolling to see the funniest Trump memes the internet has to offer! — (@) #TACO — (@) "Trump: I don't wanna #TACO bout it" — (@) "Trump always chickens out." — (@) "Congrats to CNBC's Megan Cassella for winning the 'Nasty' Question badge of honour. She is the only reporter with the balls to not bend a knee and ask the Toddler in Chief softball questions." — (@) "Taco, Taco Man… I wanna be a Taco Man" — (@) *laughing emojis* — (@) "Can confirm #TACO" — (@) "Did she say 'TACO' stands for Trump Always Chickens Out?" — (@) — (@) "#TACO" — (@) "Taco-Taco Man. I've got to be a Taco Man." — (@) "THERE ARE NO TRADE DEALS Because Trump Always Chickens Out" — (@) "Putin is laughing at Trump. Bibi is laughing at Trump. Iran is laughing at Trump. The world is laughing at Trump. The United States has never looked weaker. The United States have never been weaker. Good luck digging out of this hole." — (@) "TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO." — (@) "Right now outside Trump International Hotel at Columbus Circle." — (@) "Million dollar idea!" — (@) "Let's go TACO" — (@) "I should make it my profile picture." — (@) "Always. #TACO" — (@) "#TACO" — (@) "Breaking Trump announces 1 million percent tariffs on all Tacos!" — (@) "Trump's mad—if you RT this you'll get deported #TACO on tariffs" — (@) "TACO #TACOTrump Trump Always Chickens Out"
Yahoo
2 days ago
- Business
- Yahoo
Why the 'TACO Trade' still matters for your portfolio
-- Over the past 48 hours, the term 'TACO Trade' has been widely circulated on social media and even made it to the White House. TACO is an acronym for 'Trump Always Chickens Out', which suggests that despite his tough talk on tariffs, he will always back down in the end. Trump was asked about the TACO trade on Wednesday, enraging the President. '… don't ever say – what you said, that's a nasty question,' Trump slapped back when asked about it. Commenting on the TACO Trade and if the President always chickens, analysts at Sevens Report stated Wednesday, '[s]o far, yes (at least compared to his tariff threats).' They highlight that Trump reduced the impact of tariffs by exempting USMCA goods from Mexico/Canada duties, delaying reciprocal tariffs a week after the 'Liberation Day' announcement, cutting steep China tariffs weeks after implementation, and postponing a 50% EU tariff threat until July 9—the end date for other reciprocal tariff exemptions. Has the TACO trade worked? According to Sevens Report, 'yes.' The analysts note that the TACO trade thesis is simple: buy the Trump tariff dip. Trump's history shows he rarely follows through on extreme tariff threats, so market sell-offs tend to reverse. The S&P 500 rose 2% after the March 4 tariffs on Canada, Mexico, and China. It's up nearly 10% from the April 2 'Liberation Day' dip, and 11% since the April 11 announcement of 145% China tariffs. The index is now higher than before Friday's 50% EU tariff threat. In short, buying during tariff scares has paid off. Will the TACO trade keep working? 'Probably,' according to Sevens. Tariff-related dips may be shallower now as more investors buy them, so caution is warranted. Still, history shows Trump rarely enforces extreme tariffs, they're likely just part of a negotiation tactic: make bold threats to secure moderate outcomes. And so far, that strategy has worked. Sevens added that TACO trade doesn't eliminate tariff or trade war concerns. While Trump often backs off extreme threats, tariffs have still increased significantly, they highlight with 10% on all U.S. partners, 35% on China, and 25% on steel and non-USMCA goods from Canada and Mexico (10% on energy). While these aren't as severe as first proposed, but they're far higher than pre-Trump levels, and their economic impact remains uncertain. The TACO trade's success doesn't mean the risks aren't real. So, while the TACO trade has worked and may keep working short-term, it doesn't change the fact that tariffs are at multi-decade highs. Regarding how investors should approach the TACO trade, they suggest a short-term strategy of buying consumer discretionary (XLY), tech (XLK), financials (XLF), industrials (XLI), and energy (XLE (NYSE:XLE)) after major Trump tariff threats. These sectors fall hardest but rebound strongest. Scale in over a day or two after the sell-off. Meanwhile, for the long term they said, 'Ignore TACO.' The next 15–20% move in the market will hinge on the economy's resilience to tariffs, policy volatility, high rates, no Fed cuts, and weaker consumer spending. Trump's threats may shake sentiment, but unless enforced, they're not long-term drivers. Still, with tariff burdens rising, it's wise to stay long but reduce volatility exposure. So, while the TACO trade received a reprieve today after a federal court struck down President Trump's tariffs as illegal and beyond his authority, the Trump administration has stated it will appeal the ruling. Many on Wall Street expected it to be overturned. Related articles Why the 'TACO Trade' still matters for your portfolio Paramount cut to Neutral at Citi Boeing stock climbs on production ramp-up plans Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
