TACO, Trump and tariffs
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Tariff Man is back again — and so is Wall Street’s TACO trade. President Donald Trump is once more threatening to lob massive duties on a wide swath of US imports, everything from copper and pharmaceuticals to goods from Japan and Russia.
President Donald Trump complained to his aides about the lack of progress being made on trade deals as he was debating whether to push back his tariff deadlines yet again, according to a report. The president announced on Monday he was imposing a new wave of 25- to 40-percent tariffs on products from more than a dozen countries—including key trading partners such as Japan and South Korea—unless those countries reach new trade deals with the U.
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Trump dubbed it the "Liberation Day," but the crypto market, like the rest of the markets, got trapped in the aftershock. The crypto market cap declined from $2.74 trillion on Apr. 2 to $2.42 trillion on Apr. 8 due to the shock Trump's tariffs caused.
President Donald Trump didn't like his new nickname 'TACO'. Here's why people are calling Trump TACO and the meaning behind TACO trade.
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Raw Story on MSNEconomist coins 8-letter acronym on MSNBC to mock Trump over tariffsPresident Donald Trump's affinity for tariffs had already earned him the nickname "TACO," which stands for "Trump Always Chickens Out." Now, it appears Trump's tariffs have earned him a different, albeit smaller,
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Irish Star on MSNStock market unfazed on TACO Tuesday after Trump announces new wave of tariffs against 14 countriesThe stock market was largely unfazed by the end of TACO Tuesday, with world markets largely unbothered by Trump's Monday announcement of a wave of new tariffs against 14 countries
Prices of clothing and shoes are expected to be particularly impacted by the tariffs, Yale University’s Budget Lab found.