President Donald Trump shot back Wednesday at a new term coined by a Financial Times columnist suggesting he is backing down on his tariff policy when he postpones or reduces initial levies after a stock market slump.
A reporter asked Trump in an Oval Office news conference that aired live on the Newsmax2 free online streaming platform about the acronym TACO, which stands for how “Trump always chickens out” on tariff threats following a stock market slump, with a pause or tariff reduction leading to a market surge. The president referred to the question as “nasty.”
“Chicken out, I never heard that,” Trump said, shaking his head. “You mean because I reduced China from 145% [tariffs] that I set, 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% tariff and they called up and they said please, let’s meet right now.
Read more at Newsmax© 2025 Newsmax. All rights reserved.
