In his second term, even more so than in his first, Donald Trump has frequently responded to questions from reporters by shaming them for even asking the questions. He did that again on Wednesday when he was asked about his frequent waffling on tariffs, which has led to stock market volatility.
Traders even have a name for it, “TACO,” which stands for “Trump Always Chickens Out,” which doubles as a trading strategy. Traders can plan their moves based on Trump’s vacillating tariff moves and, therefore, profit.
“I think the only person or entity he listens to is the stock market,” Eric Sterner of Apollon told Business Insider this week: “I think that’s a big part of his scorecard — what the stock market does.”
On Wednesday, Trump was asked about the concept of “TACO Trade,” which was coined by a Financial Times columnist earlier this month.
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“I chicken out? I’ve never heard that,” the president said. “You mean because I reduced China from 145 percent that I set down to 100, and then down to another number, and I said you have to open up your whole country?…And because I gave the European Union a 50 percent tariff and they called up and said, ‘Please let’s meet right now. You call that chickening out?”
He also touted billions of commitments on his recent visit to the Middle East. Trump claimed that when he went to Saudi Arabia, “the king” told him that America was “the hottest country in the world.”
Trump to a reporter who asked him about his tariff waffling: “Don’t even say what you said. That’s a nasty question.” pic.twitter.com/wSs7LbZ6Yd
— Aaron Rupar (@atrupar) May 28, 2025
“But don’t ever say what you said,” Trump said. “That’s a nasty question. To me, that’s the nastiest question.” He went on to characterize the changing tariff percentages as a negotiating tactic.
His answer to the question didn’t particularly convince critics of Trump.
https://t.co/csB05c8jOL pic.twitter.com/qOYIfoJepj
— Walkman (@wahoowalk) May 28, 2025
Check out this #TACO flailing when asked about his bullshit tariff policies. https://t.co/2I7XMzueGM
— Elizabeth Lohr (@efl45) May 28, 2025
When he pushes back on a question, that’s the tell-tale sign that the question is substantive and requires critical thinking.
I’m so fucking tired of this man. https://t.co/Octmyfzw8t
— JP (@jpftw) May 28, 2025
Reporter: Does the emperor have no clothes?
Trump: That’s a nasty question!! https://t.co/RQCxF8dFB2— New Yorker in DC @nykrindc.bsky.social (@NYkrinDC) May 28, 2025
Photo courtesy X screengrab