Trump, TACO and tariff
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President Donald Trump has again delayed a tariff deadline. His back and forth on the policy spurred TACO accusations. What does it mean?
Buying the dip during tariff volatility has paid off for investors, but the TACO trade could ultimately backfire, GMO's Ben Inker said.
Trump insiders maintain that it would make little sense — politically or from a policy standpoint — for the president to offer any further extensions on trade.
After President Donald Trump paused his “Liberation Day” tariffs in April, his trade adviser Peter Navarro promised that the administration would deliver “90 deals in 90 days.” But that deadline came and went Wednesday with the White House 88 trade deals short.
Markets may face turbulence as Trump pushes US re-industrialization, with bubble-like S&P500 valuations signaling a potential selloff ahead. See more here.
President Donald Trump seems willing to spend “financial markets capital” whenever stocks are up, say strategists at GlobalData, TS Lombard.
The president was quick to undermine his new threat, which came after he had already delayed the original deadline.
If investors widely bet that Trump will blink, that means there is no market freakout. And no market freakout in turn means no one is holding Trump’s feet to the fire, pressuring him to back away from policies that could damage the economy and corporate profits.
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JP Morgan Chase CEO Jamie Dimon says President Donald Trump has been correct not to let his sweeping tariffs go into effect but warned that Trump’s pattern of backing down after threatening massive tax increases may not continue indefinitely.
Trump always chickens out -- is widely understood to mean President Donald Trump employs brinksmanship before eventually settling on a more reasonable policy. Volkmar Baur, a currency analyst for Commerzbank,