Article in Mediaite by Zachary Leeman, 5/28/25
Headline: “Trump Rages at Reporter Asking ‘Nasty Question’ About Accusations He ‘Chicken Outs’ On Tariffs”
“President Donald Trump lashed out at a reporter on Wednesday over her ‘nasty question’ on critics accusing him of ‘always chickening out.’
“At the Wednesday swearing-in ceremony for Jeanine Pirro as Washington, D.C.’s top prosecutor, Trump took some questions and at one point was educated on the term TACO, meaning ‘Trump Always Chickens Out.’ The term was reportedly first coined by Financial Times columnist Robert Armstrong, and it’s since picked up steam with Wall Streeters who believe Trump’s tariff negotiations first tank the markets, leading to him inevitably backing off.
“ ‘Mr. President, Wall Street analysts have coined a new term called the taco trade. They’re saying Trump always chickens out on your tariff threats. And that’s why markets are higher this week. What’s your response to that?’ CNBC White House correspondent Megan Casella asked Trump. . .”
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Article in Axios by Emily Peck, 5/28/25
Headline: “How a columnist’s catchphrase caused an Oval Office stir”
“At a press conference Wednesday, President Trump had a very unhappy reaction to being asked about the ‘TACO trade’ — a shorthand for Trump Always Chickens Out.
“Why it matters: Traders have been using TACO to describe the belief that the president will back off on a big tariff threat if the markets sink in response. . .”
“State of play: Trump was asked about a spate of TACO-related headlines while taking questions in the Oval Office Wednesday.
” ‘I’ve never heard that, you mean because I reduced China from 145%,’ he said, then detailing how he stepped down that threat, as well as the higher rate on the EU.
” ‘But don’t ever say what you said. That’s a nasty question’. . ..”
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