Reported 2 days ago
The 'TACO trade' — an acronym for 'Trump always chickens out' — reflects the volatility of President Trump's tariff policies, which have fluctuated dramatically since he took office. Yahoo Finance columnist Rick Newman discusses the implications of these moving tariffs and their potential long-term impact on the economy, highlighting that import tariffs have significantly increased from 2.5% to approximately 18%. Despite legal uncertainties surrounding emergency tariffs, Newman believes that Trump is committed to implementing tariffs in various ways, emphasizing the president's unwavering stance despite potential economic consequences.
Source: YAHOO