Trump's Reaction to Wall Street's "TACO" Term: A Negotiation or a Chicken Out?

On May 28th, 2025, during a press conference, US President Donald Trump addressed a question regarding the Wall Street analysts' newly coined term "TACO" (Trump Always Chickens Out). This term reflects Wall Street's perception of Trump's inconsistent approach to imposing tariffs. Trump responded by defending his tariff policies, stating, "It's called negotiation." He further elaborated on his interactions with the European Union, explaining that he had proposed a 50% tariff but later negotiated a different agreement. The term "TACO" highlights the uncertainty surrounding Trump's trade policies and their potential impact on the global economy. Trump's response underscores the political sensitivities and complexities involved in international trade negotiations. The incident serves as a reminder of the ongoing debate surrounding the use of tariffs as a tool for economic policy.