Wall Street traders utilize the coded term “Taco trade” (“Trump Always Chickens Out”) to describe President Trump’s unpredictable tariff policies, which often involve initial threats followed by reversals or suspensions. This acronym reflects the market’s volatile reaction to these policies, with initial drops often recovering upon policy changes. When questioned about the term, President Trump denied ever backing down from his tariff threats. The “Taco trade” highlights the frustration among traders navigating the president’s inconsistent approach.
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Nearly 70 percent of CEOs disapprove of Trump’s tariffs, according to a recent survey. This significant level of disapproval from a group that often benefits from protectionist policies suggests a widespread concern about the economic consequences of these measures. The sheer magnitude of the opposition is striking, indicating a potential major economic challenge for the administration.
The high percentage of disapproval points towards a serious issue within the business community regarding the impact of the tariffs. It suggests that the economic consequences, despite potential short-term gains for some sectors, are overwhelmingly viewed as negative by a significant majority of corporate leadership.… Continue reading
Tesla CEO Elon Musk publicly criticized Peter Navarro, a Trump trade advisor, over the president’s tariff policy, which significantly impacted Musk’s personal wealth and the U.S. stock market. Musk’s criticism, expressed on X, included questioning Navarro’s economic expertise and Harvard education. This dispute follows Navarro’s recent jail sentence for contempt of Congress and comes amidst broader public backlash against Musk’s actions as head of the Department of Government Efficiency. Tesla has experienced a decline in sales and stock price, partly attributed to the controversy surrounding Musk’s role in the administration. News also indicates an impending departure of Musk from his White House duties.
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John Q. Hosedrinker 
Matt Underwood