Taco or Trump always chickens. This is what Wall Street has taken to call the US President Donald Trump and the subsequent reduction, followed by an exception.
For the first time created by Robert Armstrong Financial Times, this term was picked up for the use of Wall Street merchants who see large sales every time Donald Trump’s tariffs are announced, recovery follows when demand is limited or removed, according to AP and Bloomberg reports.
So, as he asked his thoughts on Wall Street, which called his tariffs Taco shop, visibly offended Donald Trump continued with defensive boasts and ended with a science reporter: “Never say what you said.
How did Donald Trump react?
“Oh, I never heard … because I dropped China to 100, then to another number, and because I gave the European Union 50 % tax … Call the chickening?
“There would be no negotiations here today if I did not give 50 % tariff. The sad thing is now that I agree with them – it’s something much more sensible – they say,” Oh, it was a chicken. He was a chicken. “That’s incredible,” Donald Trump said.
Trump tariffs: Why “taco” shop?
Over the past few months, Donald Trump announced tariffs to China, Canada, Mexico, the European Union, steel and electronics around the world – from a high number, only for subsequent insertion or reduced rate.
For China, tariffs were rising to 145 %, competing stock markets, and after almost three months back and forth were reduced to 30 percent. In the case of the EU, since June, he has threatened 50 % of tariffs only to postpone the date of July 9 for negotiations, while 10 % of the tariffs continue.
Wall Street merchants who see markets, ie they encounter fear as a result of the impact on businesses and economics, and then recover after normalizing the situation, accepted the “Taco Trade” FT terminology to refer to the (ridiculous) style of Donald Trump’s policy.
Bloomberg reported that Tom Esssay from the Sevens report wrote in clients on May 28: “The diploma thesis for Taco Trade is: buy Trump tariff DIP.
(With the entry from agencies)
(Tagstotranslate) messages
