TACO Trump
Definition
A pejorative Wall Street acronym and meme nickname for Donald Trump, standing for 'Trump Always Chickens Out,' coined by Financial Times commentator Robert Armstrong in 2025 to describe Trump's pattern of announcing aggressive tariff threats against trading partners, only to back down or negotiate reductions, creating short-term market volatility exploited by investors.
Examples
Wall Street traders are piling into the TACO Trump play, shorting markets after his fiery tariff tweets and covering when he inevitably blinks.
Behold the masterful TACO Trump: vows to crush China with 100% duties by dawn, settles for a photo op and a handshake by dusk.
In the grand tradition of TACO Trump, he roared about EU tariffs like a lion, then purred a deal sweeter than apple pie.
TACO Trump delivers again—threatens economic Armageddon on imports, then chickens out just in time for the Dow to moon.