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Trump's trillion-dollar TACO that wasn't: Iran confronts the master of the deal with a partner he can't bully | Fortune The "TACO trade" that rescued markets through the tariff wars may not survive a war with a regime that has nothing to lose — and knows it.

“Trump’s trillion-dollar TACO? Joke of the century. He talks a big game, chickens out every time, and Iran just laughs. Markets crash, confidence dies — the master of the deal is a master of nothing. #TACOFail #TrumpChickensOut fortune.com/2026/03/24/t...

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 At the briefing Wednesday, CNBC Washington correspondent Megan Cassella asked, “Mr. President, Wall Street analysts have coined a new term called the ‘TACO trade.’ They’re saying ‘Trump always chickens out’ on your tariff threats. And that’s why markets are higher this week. What’s your response to that?”

“I ‘chicken out’? I’ve never heard that. You mean because I reduced [tariffs on] China from 145% that I set, down to 100 and then down to another number?” Trump said at the briefing. Currently, the Trump administration’s tariff on China is set at 30%.

Last week, Trump threatened to impose 50% tariffs on goods from the European Union effective June 1 — before postponing that to July 9 to allow for more time to negotiate with European trading partners.

“It’s called negotiation,” Trump said. “You set a number. And if you go down — you know, if I set a number, a ridiculous high number, and I go down a little bit, you know, a little bit, they want me to hold that number, 145% tariff. Even I said, ‘Man, that really got up.’ You know how it got [up]? Because of fentanyl and many other things. And you added it up. I said, ‘Where are we now?’ ‘We’re at 145%.’ I said, ‘Woo, that’s high. That’s high’… We were very nice to China… we were basically going cold turkey with China, we were doing no business, because of the tariff, because it was so high. And I knew that.”

The exchange occurred during Trump’s swearing-in ceremony for former Fox News host Jeanine Pirro as U.S. Attorney for Washington, D.C. He announced that he was naming Pirro to the post after losing support in the Senate for his initial choice, Ed Martin, over Martin’s views about the Jan. 6, 2021, attack on the U.S. Capitol.

https://variety.com/2025/biz/news/trump-responds-taco-trade-trump-always-chickens-out-tariff-threats-1236412080/

At the briefing Wednesday, CNBC Washington correspondent Megan Cassella asked, “Mr. President, Wall Street analysts have coined a new term called the ‘TACO trade.’ They’re saying ‘Trump always chickens out’ on your tariff threats. And that’s why markets are higher this week. What’s your response to that?” “I ‘chicken out’? I’ve never heard that. You mean because I reduced [tariffs on] China from 145% that I set, down to 100 and then down to another number?” Trump said at the briefing. Currently, the Trump administration’s tariff on China is set at 30%. Last week, Trump threatened to impose 50% tariffs on goods from the European Union effective June 1 — before postponing that to July 9 to allow for more time to negotiate with European trading partners. “It’s called negotiation,” Trump said. “You set a number. And if you go down — you know, if I set a number, a ridiculous high number, and I go down a little bit, you know, a little bit, they want me to hold that number, 145% tariff. Even I said, ‘Man, that really got up.’ You know how it got [up]? Because of fentanyl and many other things. And you added it up. I said, ‘Where are we now?’ ‘We’re at 145%.’ I said, ‘Woo, that’s high. That’s high’… We were very nice to China… we were basically going cold turkey with China, we were doing no business, because of the tariff, because it was so high. And I knew that.” The exchange occurred during Trump’s swearing-in ceremony for former Fox News host Jeanine Pirro as U.S. Attorney for Washington, D.C. He announced that he was naming Pirro to the post after losing support in the Senate for his initial choice, Ed Martin, over Martin’s views about the Jan. 6, 2021, attack on the U.S. Capitol. https://variety.com/2025/biz/news/trump-responds-taco-trade-trump-always-chickens-out-tariff-threats-1236412080/

#tRumpTACO
#tRumpchickensout

May 2025
variety.com/2025/biz/new...

CNBC Washington correspondent Megan Cassella asked, “Mr. President, Wall Street analysts have coined a new term called the ‘TACO trade.’

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🌮 TACO Tuesday

Trump’s Veterans Day plan: rename it “Victory Day,” gut the VA, then pretend it’s all patriotic. When pushback came, he backpedaled faster than a chicken on hot sauce. #TacoTuesday #TrumpChickensOut #Project2025

Sending love & respect to all our veterans!

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Preview
I’ve Taken Everything, Man A musical indictment in 300 rhymes or less

I’ve Taken Everything, Man
A Musical Indictment in 300 Rhymes or less open.substack.com/pub/bradleys...
#MAGA

#TrumpParody

#Satire

#PoliticalSatire

#IndictmentTour

#2024Election

#TrumpChickensOut

#OrangeJumpsuitBallads

#TrumpTantrums

#TruthSocialBlues

#MAGAParody

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#Tariff

Trump flaps his beak, talks tough on China, then clucks away and delays the tariff… again. All squawk, no walk. #TrumpChickensOut #TradeWarMyAss #china #TariffTantrum #BigHatNoCattle #TACO

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Trump chickens out again. Another of his (self proclaimed the only person who can fix it) "MAGA" ideas is hurting the economy and his rich friends. So he has chickened out again and will stop deporting the immigrants in farm, hotel, restaurant ind.. #TACO #Trumpchickensout #nokings

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Trump rejects claim he's 'chickening out' on tariffs just because he keeps changing rates President Donald Trump wants the world to know he’s no “chicken” just because he’s repeatedly backed off high tariff threats.

I think it's time to flood social media with #trumpisachicken and #trumpchickensout

apnews.com/article/trum...

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“So Trump’s being called a TACO now?
Trump Always Chickens Out.” 🌮🐔

New nickname just dropped. Pass it on.

#TACOTrump #TrumpChickensOut #AhujaCongress2026 #CA32 #ChrisAhuja #BradSherman

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#TrumpChickensOut

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#trumpchickensout #msnbc #therachelmaddowshow #lastwordwithLawrenceO'Donnell
@maddow.msnbc.com and @lawrenceodonnell.msnbc.com both had a phenomenal show for last 2 days! #NEWBESTEPISODE

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#TrumpChickensOut #ArtOfTheSteal #FuckTrump

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#TrumpChickensOut

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If you think Americans troll Trump well, I suggest checking out what the Chinese trolls have to offer. *Chef's kiss*

#TrumpChickensOut

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#trumpchickensout is not a bad thing. America could not sustain the #tradewar Trump started with #China.

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#TrumpChickensOut
#TrumpTarrifsLoser
#TrumpIsDestroyingUSA

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Trump blinks on tariffs, proving what we already knew: He's a chicken | Opinion If there's one thing that's clear about President Donald Trump's consistent tariff policy, it's that he's definitely not a chicken who panicked.

#trumpchickensout
www.usatoday.com/story/opinio...

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