Wall Street Thinks Trump Will Be "TACO" Again On Tariff Threats

President Donald Trump’s history of backpedaling on tariff policies has led investors to embrace the acronym “TACO”—short for “Trump Always Chickens Out,” Danielle Chemtob reported for Forbes Daily.

Wall Street appears confident that Trump will soften his stance.

After unveiling sweeping “Liberation Day” tariffs on April 2, Trump paused the harshest measures for 90 days when they triggered sharp stock market losses.

Though the administration claimed it could ink “90 deals in 90 days,” few have materialized, and Trump has once again delayed implementing broad tariffs—now scheduled for August 1.

Uncertainty remains about what shape the tariffs will take, but Wall Street appears confident that Trump will soften his stance.

Deutsche Bank analysts raised their S&P 500 year-end targets, citing this expectation. Trump has managed to finalize only two trade agreements, despite claiming he’s been negotiating with "200 countries"—more than actually exist.