President Donald Trump would prefer not to talk about Taco – an acronym for “Trump Always Chickens Out”, a term invented by Robert Armstrong Times.
He refers to Trump's negotiation strategy to place incredibly high prices on the goods of a certain country, then by delaying them once the commercial reservoir, as has happened recently with the EU. Or wavering between 145% to 30% rates in the space of a month, as has recently occurred with Chinese imports.
Armstrong explain TACO as what happens when the markets realize that “the US administration has no very high tolerance for the market and economic pressure, and will be quick to retreat when prices cause pain.”
Trump was asked on Taco on Wednesday by a journalist at the Oval Office.
“Do you call this for a pastor?” Asset replied. “This is called negotiation.” He then scolded the journalist for asking “the most nasty question”. The president is not necessarily wrong. Trump's well documented negotiation style is: tell someone you will expel them from their house, and then they should be grateful if you let them sleep in a tent on the lawn.
On May 12, the United States and China put their climbing war on a 90-day break, which took a lot of hot air from the Trump ball. “The trade war started with Trump promising economic conquest”, ” wrote Shannon Carroll of Quartz that day. “Now there is a ceasefire that looks very much like a carefully staged retirement.”
May 16, Trump claimed There were “150 countries that wanted to conclude an agreement” with the United States and that its cash and trade secretaries sent letters to foreign leaders who “would tell people what they will pay to do business in the United States”.
