Name: Trump Denies 'TACO Trade' Claim About Backing Off Tariff Threats
Uploaded: 2025-05-29T02:02:00Z
Duration: 1 min 27 s
Description: The ‘Trump Always Chickens Out’ term refers to the president’s tendency to announce tough policies only to backtrack on those threats later.

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The ‘Trump Always Chickens Out’ term refers to the president’s tendency to announce tough policies only to backtrack on those threats later. Photo: Andrew Harnik/Getty Images

https://m.wsj.net/video/20250529/3159368c-b0af-49e4-9312-670ca606e43e/2/hls/manifest-hd-wifi.m3u8

The ‘Trump Always Chickens Out’ term refers to the president’s tendency to announce tough policies only to backtrack on those threats later.

Trump Denies 'TACO Trade' Claim About Backing Off Tariff Threats

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?

I kick out?

Reporter: Chickened out.

Oh, isn't that... I chickened out, I've never heard that. You mean because I reduced China from 145% that I set down to 100, and then down to another number? And I said, "You have to open up your whole country." Six months ago, this country was stone cold dead. We had a dead country, we had a country people didn't think it was gonna survive, and you ask a nasty question like that? It's called negotiation. You set a number, and if it go down... You know, if I set a number, a ridiculous high number, and I go down a little bit, you know, a little bit, they want me to hold that number, 145% tariff. Even I said, "Man, that really got up." You know how it got? Because of fentanyl and many other things, and you added it up. I said, "Where are we now?" We're at 145%. I said, "Whoa, that's high." Well, I can promise you, and I have great respect for the people at the European Union, they wouldn't be over here today negotiating if I didn't put a 50% tariff on... The sad thing is, now, when I make a deal with them with something much more reasonable, they'll say, "Oh, he was chicken, he was chicken." That's so unbelievable. You know, they'll let people...

Trump Denies 'TACO Trade' Claim About Backing Off Tariff Threats

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