“Trump says he didn’t “chicken out” by dropping high tariffs – APUS President Donald Trump has rejected suggestions that he chickened out by imposing high tariffs and then dropping them. He said
it was part of a negotiating tactic.”, — write: unn.ua
“That’s called negotiations, you set a figure,” Trump said, adding that the reporter’s question was “disgusting.”
The question was a reference to what is known as “TACO trading,” a term coined by Robert Armstrong of the Financial Times, which stands for “Trump Always Chickens Out.” The idea is that Trump scares the markets with his tariff hikes and then retreats, forcing the markets to recover.
Trump defended his approach to raising tariff rates to 145% on Chinese goods, only to then lower them to 30% for 90 days of negotiations. He said this approach has led to $14 trillion in new investment in the US, a figure that appears to be artificially inflated and has not been fully confirmed in any economic statistics.
“Never say what you said,” Trump said, referring to the question of whether he chickened out.
Trump announced a plan to conclude a significant trade agreement between Britain and the United States to reduce tariffs08.05.2025, 13:39 • 7072 views