this post was submitted on 30 May 2025
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Wall Street is increasingly betting that Trump will blink first in the tariffs stand-off

Trump Always Chickens Out – or TACO for short. Investors like narratives to explain the financial world, and they appear to have seized on this one: whenever Donald Trump faces a market backlash, he will back down.

It would be fair to say the US president did not take kindly to the suggestion that he was being a “chicken” when asked by a reporter at the White House about the term that is gaining traction on Wall Street.

“But don’t ever say what you said,” he added to the reporter. “That’s a nasty question.” Apparently riled, he later returned to the theme, insisting that he was no chicken, and that often people accused him of being too tough.

But recurrent retreats by Trump have become the basis for stock markets rebounding after falls, even as the US president has raised tariffs to their highest level in more than a century.

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[–] SinningStromgald@lemmy.world 15 points 9 months ago (1 children)

Trump always wants to be known for his "great economy" when in office. Because of that I dont think 'TACO" is going to change his behavior.

[–] homesweethomeMrL@lemmy.world 30 points 9 months ago (1 children)

It depends if it takes off or not. This little bubble we've seen on Lemmy is fun but it's not going to last and therefore it wont' change much. The reporter was risking a lot by shoving his nose in it, and that's what the real story is.

But people have a strong aversion to treating trump as something other than "slightly off" normal. He is very much not normal. He is demented and his narcissism is on full regular display every time he speaks.

"Don't you EVER say what you said!" he barked. His rage is always just barely being pulled at the last minute. But if "regular" peasants like this reporter keep stinging him he'll freak the fuck out, and all the intel agencies in China and russia and everywhere else know it.

All anyone has to do is get him to freak out in the proper direction and bam - you control whatever part of the US they want.

[–] Jakeroxs@sh.itjust.works 27 points 9 months ago

I work in the financial industry and we were talking about it in our "huddle" yesterday.

It ain't just Lemmy