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Trump's Tariff Turmoil: Markets React to 'TACO' Backtrack

6/3/2025

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Trump's Tariff Turmoil

On April 2, President Trump stirred market chaos by announcing reciprocal tariffs on 90 countries. Facing backlash, he quickly backtracked, delaying the tariffs and slashing many rates. This flip-flopping earned him the nickname "TACO," a term highlighting investor skepticism about his trade policies, which has since gained traction online.

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Trump Defends Nickname

President Trump fired back at the mocking "TACO" nickname—"Trump Always Chickens Out." Conservative columnist Russ Douthat notes that while some voters admire Trump's boldness against institutions, they also fear his erratic choices could lead to perilous outcomes, echoing the chaos of January 6, 2021.

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Trump's Tariff Turmoil

On April 2, President Trump stirred market chaos by announcing reciprocal tariffs on 90 countries. Facing backlash, he quickly backtracked, delaying the tariffs and slashing many rates. This flip-flopping earned him the nickname "TACO," a term highlighting investor skepticism about his trade policies, which has since gained traction online.

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