The Art of the Meal: Trump’s TACO Diplomacy

In May 2025, a new nickname for President Donald Trump— "TACO," short for "Trump Always Chickens Out" —emerged and quickly gained traction across financial circles and social media platforms. Coined by Financial Times columnist Robert Armstrong, the term critiques Trump's pattern of announcing aggressive tariffs that unsettle markets, only to later retract or soften these measures in response to negative economic reactions. This pattern has led to the so-called "TACO trade" strategy among investors: buying stocks during market dips caused by Trump's tariff threats, anticipating a rebound when he retreats from these positions. The nickname has also become a viral meme, with images depicting Trump adorned with tacos and chickens circulating widely. Comedian Jimmy Kimmel highlighted the trend on his show, further amplifying its reach. President Trump has publicly expressed his displeasure with the moniker, labeling questions about it as "nast...