It appears that US President Trump has a “TACO” streak. The mexican in question is not a food made with tacos, but more a reflection of how markets are reacting to his tax policies. Trump Often Chickens Up, abbreviated as the TACO business, is a tongue-in-cheek expression that Financial Times journalist Robert Armstrong coined. Some analysts have taken it as a model for the potentially profitable style in which markets fall after Trump makes price threats before reversing and giving countries more time to negotiate deals. The leader has spent years establishing himself as a force for good. Trump reacted with fury when a writer in the Oval Office on Wednesday inquired whether the phrase may be a reliable way to describe his approach to taxes. ” I’m chicken out,” He continued,” I’ve always heard that.” Never repeat what you said, he told the reporter. That’s a rude problem. That’s the nastiest issue, in my opinion. However, Wall Street is now aware of the mayor’s on-again, off-again taxes. After Trump delayed a suggested 50 % tax on the Union that he had threatened a few days earlier, markets rose on Tuesday.
