Wall Street is increasingly betting that Trump will blink first in the tariffs stand-off

Wall Street is increasingly betting that Trump will blink first in the tariffs stand-off

Trump Always Chickens Out – or TACO for short. Investors like narratives to explain the financial world, and they appear to have seized on this one: whenever Donald Trump faces a market backlash, he will back down.

It would be fair to say the US president did not take kindly to the suggestion that he was being a “chicken” when asked by a reporter at the White House about the term that is gaining traction on Wall Street.

“But don’t ever say what you said,” he added to the reporter. “That’s a nasty question.” Apparently riled, he later returned to the theme, insisting that he was no chicken, and that often people accused him of being too tough.

But recurrent retreats by Trump have become the basis for stock markets rebounding after falls, even as the US president has raised tariffs to their highest level in more than a century.

  • TrickDacy@lemmy.world
    0·
    9 days ago

    Do we actually want him to drive our economy off a cliff just to humiliate him…? Wtf

    I do not. He might chicken out but hurting his feelings about it is not worth destroying futures for

    • barneypiccolo@lemm.eeEnglish
      0·
      9 days ago

      Collaboration with the enemy in order to avoid punishment is never a good strategy. They will come after you anyway, you’re just making it easier for them. Always resist as much as possible, slowing them down and frustrating them until we can get the upper hand and defeat them.

      Never voluntarily surrender your freedom in exchange for a promise of safety, they will not honor their promise.

      • TrickDacy@lemmy.world
        0·
        9 days ago

        So when Trump dared Kim Jong Un to nuke us, that was a good idea too, then?

        Also it’s not surrendering or bending over to just not make fun of him for not taking a catastrophic action. Kinda puzzled that’s controversial.