Trump Always Chickens Out

Trump Always Chickens Out (TACO), also known as the TACO Trade, is an acronym that gained prominence in May 2025 after many threats and reversals during the trade war Donald Trump initiated with his administration's "Liberation Day" tariffs. The acronym is used to describe Trump's tendency to make reciprocal tariff threats, only to later delay them as a way to increase time for negotiations and for markets to rebound.

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