COINOTAG News, June 1st. The term “TACO” (Trump Always Chickens Out) has surged in popularity among Wall Street traders, igniting a fervent response from former President Donald Trump. During a White House press briefing, Trump vocally criticized the term, asserting, “Never say what you just said. That’s a vicious question… To me, that’s the most vicious question.” Reports indicate his frustration stemmed not just from the term itself, but also from a lack of advance warning from his team about its rise in market discourse.
Insiders suggest that Trump’s primary concern lies in the perception of his tariff policies being viewed as weak. The usage of “TACO” strikes at his core identity as a self-described tough negotiator, making any implication of vulnerability particularly distressing for him. Interestingly, while Trump’s trade threats have historically triggered market volatility, the US stock market recently reported its most robust May performance since 1997. This may indicate that investors are starting to identify rebound prospects amid Trump’s aggressive trade posturing.
However, analysts caution that Trump’s determination to counter perceptions of cowardice could lead to a more aggressive approach, heightening the risks of market uncertainty. As traders navigate this evolving landscape, the implications of Trump’s reactions to the “TACO Trade” could shape market sentiment moving forward.