Trump's feathers ruffled after Wall Street adopts 'TACO' strategy

President Donald Trump has refuted the characterization of his tariff strategy as "TACO" (Trump always chickens out), stating that it is simply "negotiation." He explained that setting a high initial tariff number and then lowering it through negotiation is a deliberate tactic to achieve better deals for the country. This approach has led to significant market volatility, with investors often buying stocks during the panic caused by tariff announcements, anticipating a reversal. The TACO strategy has proven profitable for investors so far, as market rallies have followed tariff-related threats and subsequent negotiations or extensions. However, some analysts caution that the long-term market performance will depend more on the broader economy and its resilience to tariffs and policy volatility, rather than solely on Trump's negotiation tactics.