What is the ‘TACO trade’ on Wall Street?
May 27, 2025 - 23:00
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There’s a new trade on Wall Street: the TACO trade, standing for “Trump Always Chickens Out.” The term was coined by Robert Armstrong, a writer for the Financial Times, and is intended to capture how markets have fallen on Trump’s vow to impose steep tariffs on imports to the United States and then jump back…