30 May 2025 4:30 am
https://abcnews.go.com/Politics/trump-l ... =122323324
Trump lashes out over viral 'TACO trade' meme. What does it stand for?
"TACO trade," which stands for "Trump always chickens out," was coined by Financial Times columnist Robert Armstrong but has since spread across Wall Street and the internet, mocking the president's back-and-forth on tariff policies.
While fielding questions from reporters in the Oval Office on Wednesday, a reporter asked for Trump's reaction to the now-viral Wall Street jab.
"Oh, I chicken out? Isn't that nice? I've never heard that," Trump said.
The president went on to defend his decision to slash the tariffs on China for 90 days and push back the deadline for 50% tariffs on European Union countries until July 9.
"You call that chickening out?" Trump asked, appearing visibly agitated by the question, which he called "nasty."