US President Donald Trump Perhaps a lot of things, but he wants the world to know that it is not “chicken” with regard to budgetary policy, despite what seems to be a tendency to retreat to the resistance of economic partners and enemies – a behavior of financial analysts has invented the “Taco” trade.
The president’s propensity to threaten and then temporarily impose scandalous import taxes on American trade partners, only to withdraw when he has met reprisals, paved the way to the acronym Created by Robert Armstrong of the Financial Times.
It means “Trump always chickens” and came to encapsulate what Trump says it is a legitimate form of negotiation. Under conditions created by his erratic maneuvers, the markets tend to sell when a new price The threat emerges and then recover after the president withdrew.
Asked about the unfavorable sentence at a press conference in the oval office on Wednesday, the president seemed offended and rejected the idea that he got into the habit of withdrawing from the agreements.
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“Do you call this for a pastor?” Said Trump. “This is called negotiation.”
The author of The art of agreement Added that he establishes a “ridiculous high number and I go down a little, you know, a little”, dubbing on his position that this is an effective negotiation strategy.
“Six months ago, this country died in stone, we had a dead country, we had a country that people did not think of surviving and you ask an unpleasant question like that,” he added.
Trump defended his decision to raise tariffs on China 145%, only to reduce them at 30% for 90 days during negotiations. Likewise, last week, he threatened to impose 50% of levies on the goods of the European Union in June – but quickly delayed the start date Until July 9 for negotiations, while 10% continue.
Trump says the EU would not negotiate without his threat of high prices.
Similar debacles have deployed on electronics and Universal prices that Trump announced On April 2, which was based in part on individual trade deficits with other countries.
President Donald Trump speaks during an event to announce new prices in the Rose Garden at the White House on April 2, 2025, in Washington.
Mark Schiefelbein / Getty Images
Its swinging buffoonemeries caused chaos on the world’s stock markets, which were forced to at the same time radically fluctuating conditions.
Trump says his global economic policy has created $ 14 billions of new investments in the United States, a figure that seems to be inflated and is not sufficiently supported by official data.
“We now have 14 billions of dollars invested … When Biden had practically nothing, Biden,” said the president. “This country was dying, you know, we have the hottest country from anywhere in the world, I went to Saudi Arabia,” said the king, “concluded the president.
Wednesday afternoon, the S&P 500 stock market index has been slightly up so far this year. But it was down to 15% from year to year, the reflection of volatility that Trump’s changing policies have created.
– with files from the Associated Press
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