During a swearing-in ceremony for Jeanine Pirro, President Trump took offense at a question from CNBC's Megan Cassella about the acronym TACO, which stands for Trump Always Chickens Out. This term was used by some analysts to describe his approach to tariff negotiations. Trump responded, claiming his strategy is about negotiation, suggesting that his occasional concessions are actually part of a larger tactic. In essence, he implied that his actions contribute to successful negotiations, despite criticisms of him being perceived as 'chickening out.'
"You might have heard the term TACO trade - Trump Always Chickens Out. That's what some analysts, some commentators have been using to talk about this."
"He did not like this question, I can tell you, but he did go on to say that... the EU wouldn't be here today negotiating if it weren't for that."
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