TACO

There Can Be Only One Taco 

It appears that Trump has picked up a nickname among the Wall Street types, "TACO," which stands for, "Trump Always Chickens Out," and Donald is experiencing major butt-hurt over this.

It may be petty to be so amused by this, but I'm a pretty petty guy:

President Trump, it would seem, is not one for a “TACO.” The taco in question is not a dish made with tortillas, but rather a reference to how markets are responding to his tariff policies.

The TACO trade, short for Trump Always Chickens Out, is a tongue-in-cheek term coined by the Financial Times columnist Robert Armstrong. It has been adopted by some analysts and commentators to describe the potentially lucrative pattern in which markets tumble after Mr. Trump makes tariff threats, only to rebound sharply when he relents and allows countries more time to negotiate deals.

The president has spent years cultivating a reputation for political muscle. So when he was asked by a reporter in the Oval Office on Wednesday whether the term might be a valid description of his approach to tariffs, Mr. Trump reacted with ire.

“I chicken out? I’ve never heard that,” he said. “Don’t ever say what you said,” he told the reporter. “That’s a nasty question. To me, that’s the nastiest question.”

Awww, Trump has his feelings hurt.

What a delicate snowflake.