Latest news with #TACOTrade
Yahoo
04-06-2025
- Business
- Yahoo
Today's 'Trump Trade' Has a Catchy Nickname. But Should You Buy It?
Investors are attempting to figure out from day to day what the next twist in Trump's tariff policy could be and how it might affect stocks. The upshot, for some, is the belief that Trump eventually delays or otherwise modifies policies the market doesn't like, so trade-policy negativity will be shaken off before long. There's a nickname for this: the "TACO Trade." But investors have mixed opinions about whether it's a safe 'Trump Trade' has evolved. How investors should play it is up for debate. The early days of President Donald Trump's second administration supercharged a climb in stocks that started late last summer, lifting the major indexes and some specific assets—shares of Tesla (TSLA), cryptocurrency—in particular. Sprinkled in was volatility around stock and sectors seen as likely to be helped or hurt by spending and regulatory efforts. Some of that remains in place, but the action these days is largely around global trade policy. Investors are attempting to figure out from day to day what the next twist in Trump's tariff strategy could be and how it might affect stocks in the hours, days and weeks ahead. That's taken on particular salience since stocks swooned after the April 2 'Liberation Day' tariff announcements and then began working their way back. The upshot, for some, is the belief that Trump eventually delays or otherwise modifies policies the market doesn't like, so trade-policy negativity will be shaken off before long. There's an alliterative nickname for this: the 'TACO Trade,' short for 'Trump Always Chickens Out,' coined last month by a Financial Times columnist. (Asked about it at a press conference, Trump was unamused.) Discussion of the term has taken on a political character and become fodder for The Wall Street Journal, The New York Times, and other publications—now including this one—but it has also found its way to the lips of investors and analysts. BCA Research mentioned it in a note earlier this week, calling the trade 'overcooked' and suggesting that investors may have grown too sanguine. 'Risk assets price in trade deals and de-escalation along with limited policy damage despite ongoing volatility,' they wrote. Pepperstone analyst Michael Brown in late May effectively equated taco trading with buying the dip. Deutsche Bank analysts in their own note this week didn't use the taco term, but—in raising their year-end target for the S&P 500—cited the idea that 'the administration had already relented, driven primarily by the market reaction, and before the emergence of significant economic or political pain. This reinforces the view that if negative impacts of tariffs do materialize, we will get further relents.' Other factors have undoubtedly aided stocks in recent weeks even as questions about the path forward for trade and the economy remain. The first-quarter earnings season was generally seen as strong, and Nvidia's (NVDA) results and outlook have supported the AI trade. Futures markets indicate an expectation that the Federal Reserve cuts rates twice by the end of the year, as the job market shows signs of weakness and inflation approaches the Fed's target. JP Morgan analysts on Tuesday shared a calendar of key trade dates in the coming months, noting a litany of summits and policy expirations—a 90-day pause on tariffs against the EU expires next month, and reduced U.S.-China tariffs are set to pass in August—between now and the end of the year. The administration reportedly asked countries to submit their 'best offers' in trade negotiations by Wednesday. Some investors don't buy the inevitability of bullishness around trade news. 'We think that, unfortunately, as the so-called 'TACO Trade' becomes more viral, it becomes more likely that Trump will stick to higher tariffs just to prove a point,' Panmure Liberum Head of Strategy Joachim Klement recently told a Reuters interviewer. In short, it may not pay to oversimplify the effect that trade could have on markets in the coming months. 'There are no signs of a summer break from tariff drama,' JP Morgan wrote. Read the original article on Investopedia
Yahoo
30-05-2025
- Business
- Yahoo
Trump Melts Down at ‘Why Do You Always Chicken Out' Question
Donald Trump had an Oval Office meltdown over Wall Street's new acronym for his tariffs: TACO Trade, which stands for Trump Always Chickens Out. As Trump took questions during a swearing-in ceremony for Washington D.C.'s new acting attorney general, Jeanine Pirro, a reporter asked the president what he thought of the new phrase. He was clearly unimpressed. 'I chicken out?' he asked. 'I've never heard that. You mean because I reduced China from the 145 percent that I said, down to 100, and then down to another number, and I said: 'You have to open up your whole country? 'And because I gave the European Union a 50 percent tax tariff, and they called up and they said, 'Please let's meet right now? 'It's called negotiation!' he added. The term TACO trade was coined by Financial Times columnist Robert Armstrong earlier this month as the world struggled to make sense of Trump's on-again-off-again trade wars. But the chicken moniker has since taken off among the investors on Wall Street, given the president's tendency to walk back many of his threats. For instance, Trump postponed so-called reciprocal tariffs against trading partners a week after his Liberation Day announcement on April 2. He had threatened to impose 25 percent tariffs on Canadian goods, including steel and aluminum, but later announced a one-month pause. And for all the tough talk on China, he slashed tariffs against the country not long after they were announced. Over the weekend, Trump also delayed a 50 percent tariff on imports from the European Union until July 9. However, he insists the rollercoaster negotiations are all part of the plan. As for the question about being a chicken? 'Don't ever say what you said,' he told the reporter. 'That's a nasty question.' Later, he added: 'I usually have the opposite problem. They say I am too tough.'
Yahoo
30-05-2025
- Business
- Yahoo
The internet is using TACO memes to call Trump a chicken and the results are hilarious
Taco Tuesday is the best day of the week, but Wednesday may usurp it as the day President Donald Trump threw a fit after learning what TACO stands for. Amid the stock market's dramatic ups and downs as Trump institutes tariffs and then calls them off, CNBC's Megan Casella asked the president about Wall Street's new nickname for him during the May 28 event to swear in former Fox News host Jeannine Pirro as the new interim U.S. attorney in Washington, D.C. 'Wall Street analysts have coined a new term called the 'TACO Trade.' They're saying Trump always chickens out on your tariff threats, and that's why markets are higher this week,' she said. Financial Times columnist Robert Armstrong coined the term 'TACO Trade' earlier this month, and Trump predictably got angry when he head that it stand for 'Trump Always Chickens Out.' "I've never heard that,' Trump said. 'You mean because I reduced China from 145 percent that I set down to 100, and then down to another number, and I said you have to open up your whole country?" Trump said. "And because I gave the European Union a 50 percent tax—tariff—and they called up and said, 'Please let's meet right now.'" Trump has done about faces on the tariffs he's imposed on both China and the EU, and also put announced 'recirpocal' tariffs on dozens of countries in April before announcing a '90 day pause' on tariffs for all of the countries except for China, CNN reports. The president went on to brag about the U.S. being the 'hottest country anywhere in the world' under his administration before firing back at Casella by falling back on his tried and true misogynistic insult for women. "That's a nasty question. To me, that's the nastiest question,' he said. Somebody should really tell Trump about the Streisand Effect, the phenomenon where an attempt to censor information makes it go viral, because the internet immediately latched on to this new insult and within hours #TACO had gone viral and people started pumping out hilarious and insulting TACO Trump memes. There are AI-generated memes of Trump in a chicken suit, ones where his head has been turned into a taco, people joking that the Village People should now be singing 'Taco, Taco Man…I wanna be a Taco Man,' and people resurfacing old videos of Trump dancing with people in chicken suits. In short? If you need a little joy and serotonin in your life this week, Trump Taco memes are the answer. Keep scrolling to see the funniest Trump memes the internet has to offer! #TACO "Trump: I don't wanna #TACO bout it" "Trump always chickens out." "Congrats to CNBC's Megan Cassella for winning the 'Nasty' Question badge of honour. She is the only reporter with the balls to not bend a knee and ask the Toddler in Chief softball questions." "Taco, Taco Man… I wanna be a Taco Man" *laughing emojis* "Can confirm #TACO" "Did she say 'TACO' stands for Trump Always Chickens Out?" "#TACO" "Taco-Taco Man. I've got to be a Taco Man." "THERE ARE NO TRADE DEALS Because Trump Always Chickens Out" "Putin is laughing at Trump. Bibi is laughing at Trump. Iran is laughing at Trump. The world is laughing at Trump. The United States has never looked weaker. The United States have never been weaker. Good luck digging out of this hole." "TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO." "Right now outside Trump International Hotel at Columbus Circle." "Million dollar idea!" "Let's go TACO" "I should make it my profile picture." "Always. #TACO" "#TACO" "Breaking Trump announces 1 million percent tariffs on all Tacos!" "Trump's mad—if you RT this you'll get deported #TACO on tariffs" "TACO #TACOTrump Trump Always Chickens Out"
Yahoo
29-05-2025
- Business
- Yahoo
‘No one is humiliating Donald Trump except for Donald Trump': Nicolle on Wall Street mocking Trump
Robert Armstrong, US Financial Commentator for the Financial Times and Charlotte Howard, Executive Editor for The Economist join Nicolle Wallace on Deadline White House with reaction to Donald Trump lashing out at the press over Wall Street coining a new term to mock his tariff policy, 'TACO Trade', which stands for Trump Always Chickens Out.
Yahoo
29-05-2025
- Business
- Yahoo
The internet is using TACO memes to call Trump a chicken and the results are hilarious
Taco Tuesday is the best day of the week, but Wednesday may usurp it as the day President Donald Trump threw a fit after learning what TACO stands for. Amid the stock market's dramatic ups and downs as Trump institutes tariffs and then calls them off, CNBC's Megan Casella asked the president about Wall Street's new nickname for him during the May 28 event to swear in former Fox News host Jeannine Pirro as the new interim U.S. attorney in Washington, D.C. 'Wall Street analysts have coined a new term called the 'TACO Trade.' They're saying Trump always chickens out on your tariff threats, and that's why markets are higher this week,' she said. — (@) Financial Times columnist Robert Armstrong coined the term 'TACO Trade' earlier this month, and Trump predictably got angry when he head that it stand for 'Trump Always Chickens Out.' "I've never heard that,' Trump said. 'You mean because I reduced China from 145 percent that I set down to 100, and then down to another number, and I said you have to open up your whole country?" Trump said. "And because I gave the European Union a 50 percent tax—tariff—and they called up and said, 'Please let's meet right now.'" Trump has done about faces on the tariffs he's imposed on both China and the EU, and also put announced 'recirpocal' tariffs on dozens of countries in April before announcing a '90 day pause' on tariffs for all of the countries except for China, CNN reports. The president went on to brag about the U.S. being the 'hottest country anywhere in the world' under his administration before firing back at Casella by falling back on his tried and true misogynistic insult for women. "That's a nasty question. To me, that's the nastiest question,' he said. Somebody should really tell Trump about the Streisand Effect, the phenomenon where an attempt to censor information makes it go viral, because the internet immediately latched on to this new insult and within hours #TACO had gone viral and people started pumping out hilarious and insulting TACO Trump memes. — (@) There are AI-generated memes of Trump in a chicken suit, ones where his head has been turned into a taco, people joking that the Village People should now be singing 'Taco, Taco Man…I wanna be a Taco Man,' and people resurfacing old videos of Trump dancing with people in chicken suits. In short? If you need a little joy and serotonin in your life this week, Trump Taco memes are the answer. Keep scrolling to see the funniest Trump memes the internet has to offer! — (@) #TACO — (@) "Trump: I don't wanna #TACO bout it" — (@) "Trump always chickens out." — (@) "Congrats to CNBC's Megan Cassella for winning the 'Nasty' Question badge of honour. She is the only reporter with the balls to not bend a knee and ask the Toddler in Chief softball questions." — (@) "Taco, Taco Man… I wanna be a Taco Man" — (@) *laughing emojis* — (@) "Can confirm #TACO" — (@) "Did she say 'TACO' stands for Trump Always Chickens Out?" — (@) — (@) "#TACO" — (@) "Taco-Taco Man. I've got to be a Taco Man." — (@) "THERE ARE NO TRADE DEALS Because Trump Always Chickens Out" — (@) "Putin is laughing at Trump. Bibi is laughing at Trump. Iran is laughing at Trump. The world is laughing at Trump. The United States has never looked weaker. The United States have never been weaker. Good luck digging out of this hole." — (@) "TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO TACO." — (@) "Right now outside Trump International Hotel at Columbus Circle." — (@) "Million dollar idea!" — (@) "Let's go TACO" — (@) "I should make it my profile picture." — (@) "Always. #TACO" — (@) "#TACO" — (@) "Breaking Trump announces 1 million percent tariffs on all Tacos!" — (@) "Trump's mad—if you RT this you'll get deported #TACO on tariffs" — (@) "TACO #TACOTrump Trump Always Chickens Out"
