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Axios
Axios
Business

The problem with betting Trump will "always chicken out"

Donald Trump Steve Sosnick Greenland Axios

The TACO trade is still a spicy one, as seen in the sudden stock market rally Wednesday, after President Trump dropped his threat to impose tariffs on eight European allies over Greenland.

Why it matters: Yet if investors always assume Trump will "chicken out" on market-unfriendly policies, they will have removed one of the major causes of the president backing down: themselves.

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