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Trump was just asked about the ‘TACO trade’ for the first time. He called it the ‘nastiest question’

By Elisabeth Buchwald, CNN

Wall Street has been riding a historic roller coaster the past few months due to President Donald Trump’s on-again, off-again tariff threats. Now, investors are learning to take his words with a grain of salt — and a bit of salsa, too.

That’s because there’s a new type of trade taking hold: TACO, short for Trump Always Chickens Out. In other words, don’t fret too much about Trump’s latest tariff threat and go on a selling spree, because eventually he’ll back down and a relief rally will ensue.

Trump said he first learned of the term, coined by Financial Times commentator Robert Armstrong, on Wednesday when a reporter sought his reaction to it.

“I chicken out? Oh, I’ve never heard that. You mean because I reduced China from 145% that I set down to 100 and then to another number?” Trump said Wednesday, referring to tariff rates he imposed on imported Chinese goods. (The rate is now 30%, after Trump raised it as high as 145% last month, much to investors’ dismay, only to reduce it a few weeks later.)

Last week, Trump threatened to impose 50% tariffs on goods from the European Union come June 1. Stocks turned lower after his threat, which he doubled down on later in the day, claiming there was no room to negotiate. Two days later, he said he’d wait until July 9 to levy a 50% tariff on EU goods following promising talks.

“You call that chickening out?” Trump responded to a reporter at an Oval Office event Wednesday, referring to his recent announcements on EU and Chinese tariff rates.

“It’s called negotiation,” Trump added, saying that part of his tactic can include setting “a ridiculous high number” for tariff rates and going down if he gets other nations to give in to his demands.

“Don’t ever say what you said,” Trump told the reporter, calling it “the nastiest question.”

That black people are impoverished not because socioeconomics, racism etc but because they blow every penny they get on overpriced consumer products, take loans they can't afford and don't save or invest for their future all to look like a baller.

In 2022 the black spending power hit a whooping 1.6 Trillion dollars? How much of that was spent Nike Jordans? 1 billion? How much spent on nails and hair extensions? On Mercedes? How much they spending paying the intrest payments on loans?

It's not that they are spending our money outside the black community that's the problem, it's that they spending it foolishly on crap they don't need rather than investing it in their own futures. Black Spending Power is just a pharse media people and community activists coined to make it sound like they oppressed but we got somehow got power due to how much money they blow each year. Nobody talks about white spending power or Asian spending power or jewish spending power, why? Because they save their money, they invest they money in bonds and shares, they get themselves mortgages rather than pay somebody else's mortgage with rent checks. You see a white guy or Asian guy he not spending $300 dollars on the latest Nikes made in a 3rd world country for a dollar, he might be driving a busted old Honda even though he making good money because he trying to get together the down payment on a house or start a business or get enough money to go to college. White women don't be spending $2000 per month on hair and nails. Asian people be pushing their kid's to do well at school and college.

They gotta look back and ask why all through segregation and Jim crow was the black community more prosperous then than now?

If you watch commercials now they are all aimed at black folks especially ones regarding loans.