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The Independent UK

Rhian Lubin

TACO returns to Wall Street: Investors shrug off Trump’s latest tariff threat as nickname sets the investor’s mood

Donald Trump Taco Wilbur Ross Justin Wolfers United States The Independent X China Commerce Economy

When Donald Trump said the trade tariff deadline of August 1 was "firm but not 100 percent firm," TACOs returned to Wall Street.

Not the tasty dinner food, instead the nickname that investors have bestowed on the president for his economic flip-flopping - Trump Always Chickens Out. The nickname was revealed in the aftermath of Trump's "Liberation Day" announcement and the creation of tariffs on most nations. That decision sent the markets tumbling and Trump quickly issued a 90-day delay in creating the tariffs.

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