Donald Trump was taken aback when he learned about the derogatory nickname 'TACO,' which humorously stands for 'Trump Always Chickens Out.' This term describes how his administration tends to retreat under economic pressure, particularly regarding tariffs. Adapted as a catchy acronym to summarize a common pattern observed in Trump's dealings, the term sheds light on his reaction to market fluctuations and threats. His frustration was compounded by his team's failure to warn him about the nickname gaining traction, showcasing a potential vulnerability in his public persona.
"It clearly bothered him, primarily because it demonstrated a lack of understanding about how he actually utilizes those threats for leverage."
"This is the Taco theory: Trump Always Chickens Out. The recent rally has a lot to do with markets realizing that the US administration has low tolerance for market and economic pressure."
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