Overview

• The nickname “Taco” was coined by the Financial Times and picked up on Wall Street to lampoon Trump’s pattern of threating tariffs then scaling them back.
• During a May 29 press conference, Trump rebuked a journalist for using the term and labeled it an unfair question.
• He said his extreme tariff proposals act as opening bids to secure better compromises in trade talks.
• Analysts report that markets have swung wildly on his tariff threats, with stock indices tumbling on announcements and recovering after each reversal.
• He postponed planned 50% tariffs on EU goods to July and maintained that his tariff strategy has brought $14 trillion in new U.S. investments.