Trump's Tariff Threats: The Rise of 'TACO' Trade

Investors have begun using the term "TACO" trade — which stands for "Trump Always Chickens Out" — to describe the US President's on-again, off-again tariff threats. The term, which has been circulating on Wall Street, prompted a sharp response from President Trump, who called it a "nasty question." A CBC News report delves into this pattern, highlighting the impact on international trade and specifically on Canada, which continues to face tariffs on steel and aluminum despite Trump's attempts to negotiate. "Donald Trump originally threatened to impose 25% tariffs on all goods coming into the United States," explains Katie Simpson, CBC News Washington correspondent. "He threatened, delayed, imposed, and then put in carve-outs, but Canada is still getting hit." Trump's response, captured on video, reveals his defensive stance, claiming he gave the European Union a 50% tariff and that they subsequently pleaded for a meeting. The situation underscores the complexities and uncertainties of Trump's trade policies and their far-reaching consequences.