The journalist asked Trump's opinion about the Taco abbreviation, which is deciphered as Trump Always Chickens Out (“Trump always gives the back”). Wall Street traders came up with her, accusing the head of the White House of using the trade situation that he created, threatening the countries with the introduction of high tariffs, and then retreats at the last moment.
“I am scared? I have never heard that,” Trump answered.
The head of the White House noted that this is for him the “most unpleasant question” and usually he allegedly causes another reaction.
“They will say:“ He gave the back, it’s so incredible. ”I usually have the opposite problem – they say:“ You are too strong! ”Trump added in the context of expanding the tariffs of the European Union.
The concept of Taco first used the Columnist Financial Times Robert Armstrong on May 2. In his opinion, the announcements of aggressive tariff threats entail a drop in the market, and subsequently rapidly mitigation or their cancellation leads to the restoration of the market. Wall Street traders began to use it for short-term investment capabilities.
Context
On March 26, the White House press service reported that from April 2, the United States will begin to operate 25 percent tariffs for the import of cars and trucks, as well as Some car spare parts. In early March, Trump stated that the temporary a delay in new duties for a month will receive Only cars from Canada and Mexico according to the USMCA trading agreement.
On March 26, the head of the European Commission Ursula von der Leyen said that the EU would evaluate Trump's imports to import cars and would look for solutions through negotiations, protecting his interests.
On April 9, the EC reported that the EU member countries supported counterclaims for the United States. They had to act since April 15. At the same time, the EC emphasized that they are ready to stop duties for the United States in exchange for balanced and mutually beneficial decisions.
On the same day, Trump postponed the increase in tariffs for European countries by 90 days.
On April 10, the EU made an oncoming announcement, saying that he was suspended duties on imported goods and raw materials from the United States for 90 days.
On May 12, after the conclusion of a 90-day trade truce between Washington and Beijing, Trump criticized the European Union, saying that he was worse than China. He later stated that he was introducing tariffs for the EU from June 1, but with the possibility of a delay.
