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International Business Times
International Business Times
Business

A Bad Wrap: An Angry Trump Blasts The 'TACO Theory'

US President Donald Trump says using negotiating tactics to advance the interests of the United States is not the same as "chickening out" (Credit: AFP)

President Donald Trump made no pretense at hiding his irritation this week when he was asked by a reporter about "TACO" -- an acronym that has been gaining traction among Wall Street traders who believe that "Trump Always Chickens Out."

The so-called "TACO Theory" was coined by Robert Armstrong, a Financial Times writer seeking to underline the US president's tendency to backtrack on policies when they start to roil the markets.

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