#TACO Trade / Trump Always Chickens Out

#TACOis aslangacronym that stands for Trump Always Chickens Out. Thecatchphrase TACO Tradegained traction in May 2025 after U.S. President Donald Trumprepeatedly announced and delayed or repealedtariffson several regions, including the European Union and China. Domestic and international stock traders began using the phrase "TACO" to describe Trump's tendency to walk back on policies that cause the markets to take a downturn, saying that they had begun incorporating and anticipating sharp market dips and hikes caused by Trump's policy announcements into their trading strategies. The term and catchphrase also spread online viamemesin mid-2025.