JP Morgan Chase CEO Jamie Dimon says President Donald Trump has been correct not to let his sweeping tariffs go into effect but warned that Trump’s pattern of backing down after threatening massive tax increases may not continue indefinitely.
Speaking at an event in Ireland put on by the Irish Foreign Ministry, Dimon said he isn’t so enamored of the disparaging acronym analysts have coined for the American president’s tendency to backtrack on the import taxes: TACO, short for Trump Always Chickens Out.
