New Delhi, May 29 -- As the world navigates through the several waves of tariff threats from US President Donald Trump, the Wall Street has a new word for the leader that has him rattled.
The new buzzword in question is 'TACO Trade' - a term that Donald Trump has been fuming about. The word TACO stands for 'Trump Always Chickens Out'.
Here is what TACO Trade really means.
The term TACO (Trump Always Chickens Out) was coined by Robert Armstrong, a columnist at The Financial Times. He first used the word to describe a recurring pattern in the trade strategy of the US President.
TACO Trade refers to Trump's signature cycle of threatening to impose sweeping tariffs and then 'chickening out' to scale them back or delay their implementation...
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