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Trump always chickens out on foreign policy too
Despite his rhetoric about fire and fury, the US President is nervous about the use of force.
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The Taco phrase was drawn to Trump’s attention at a press conference last week.
PHOTO: AFP
Gideon Rachman
Thanks to US President Donald Trump and my Financial Times colleague Robert Armstrong, many of the world’s investors are now talking about the “Taco trade”.
It was Robert who coined the phrase “Trump always chickens out” (Taco). The pattern is that the US President will promise to impose massive tariffs on a chosen target. But he will then later cut or delay the tariffs, often in response to an adverse reaction from the markets.
