No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Tuesday, November 11, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

This TACO gives Trump indigestion, so watch out

by TheAdviserMagazine
6 months ago
in Business
Reading Time: 4 mins read
A A
This TACO gives Trump indigestion, so watch out
Share on FacebookShare on TwitterShare on LInkedIn


Donald Trump relished his favorite versions of tacos during his first presidential term.

“The best taco bowls are made in Trump Tower Grill,” he tweeted in early 2016, sharing a photo of himself chowing down on a large serving at his desk. “I love Hispanics!”

These days, tacos aren’t Trump’s thing. More precisely, the version cooked up by a Financial Times columnist, Robert Armstrong, isn’t his thing.Armstrong, noting that Trump has repeatedly backed away from some of his fiercest tariff threats, dubbed this phenomenon “TACO” — Trump Always Chickens Out. TACO-savvy traders were making money embracing that reality, Armstrong observed.

It’s not a reality Trump is ready to embrace himself, though.

Live Events

“That’s a nasty question,” he told a reporter who asked about the TACO moniker at a White House press briefing on Wednesday. “Don’t ever say what you said. That’s a nasty question. … To me, that’s the nastiest question.”Trump, who fashions himself a brilliant dealmaker and strategist despite ample evidence to the contrary, is, of course, always going to bristle at the notion that he is a chicken — and a predictable one at that. He also routinely peddles himself as an infallible winner, so the nastiest question is also one that speculates about whether he’s mired in a losing streak. His tariff policy, unleashed on allies and competitors alike, has been rolled out on a seesaw and riddled with economically damaging ineptitude.Trump will never acknowledge any of that, which is to be expected. But it also may be wise to consider this TACO-fueled moment as something other than a lighthearted interlude in an otherwise tragicomic policy miasma. Trump protects and prioritizes how his various audiences perceive him. A Trump eager to prove he’s not a chicken is a Trump willing to inflict economic, social or political damage in the service of his ego and self-image (also a recurring feature of his earlier but less consequential passage as a real estate developer and casino operator). Dangers loom.

Trump once told me that he admired John Gotti, the notorious mobster, because Gotti never backed down, never flinched or wept in a courtroom, and gave everyone who opposed him the evil eye. That’s how Trump sees himself. Anything but a chicken.

Recall that Trump campaigned on imposing suffocating tariffs on countries such as China, which he described as a predator fleecing US manufacturers and workers. He has had much the same to say of indispensable trading partners like Canada and Mexico, which have jointly created vast storehouses of economic value for themselves and the US. Determined to keep a campaign promise that endeared him to his political base, he offered the world a Rose Garden tariffs spectacle in April that caused financial markets to plunge.

Briefly chastened, Trump then set about offering carve-outs to various industries and playing down the scale of the tariffs he was considering. He eagerly courted countries to work out deals with him. Going too far down that path, though, would have been an obvious reversal of his reckless campaign pledges, and that might have cost him come next year’s midterm elections. So he took to being a human yo-yo when discussing his tariff intentions; sometimes tough, sometimes willing to bend, but always up-and-down and always unpredictable (and uncertainty, mind you, can readily morph into chaos).

A helpful escape from his predicament landed in Trump’s lap on Thursday, when the US Court of International Trade ruled that he lacked the legal authority to unilaterally impose tariffs under the presidency’s emergency powers provision. Trump could have acquiesced, rolled his tariff regime back into the Pandora’s box from which it sprang and then blamed it all on the courts. The Deep State undermined my brave tariffs stance, he could have told his voters, not me. But I tried to keep my promises to you. I really did.

Trump may have had fresh images of cowardly fowl dancing in his head when he ignored that opportunity, though he has had decades of institutional defiance that preceded the clucking. Regardless, he is now certainly determined to prove he’s not a chicken. His administration successfully appealed the trade ruling to a higher court on Thursday and won a temporary reprieve from its restrictions. While the US Court of Appeals provided only a stay and could ultimately affirm the trade court’s ruling, the White House celebrated. It trotted out trade hardliner and former prison inmate Peter Navarro to take a victory lap on Trump’s behalf on TV.

This tariff dispute is likely to find its way to the Supreme Court, where nine justices will decide, yet again, what the proper powers of the presidency are in an era when the Oval Office’s current occupant believes they are limitless. My colleagues Noah Feldman and Matt Levine have written thoughtful, and differing, analyses of the legal and constitutional principles being tested around the tariff battle.

How the Supreme Court might land amid all of this is unlikely to end the mess, however. The White House said Trump would find other ways to impose trading levies if the courts stop him this time around. And he’s newly incentivized to prove he’s owning the opposition.

“The sad thing is, now, when I make a deal with them — it’s something much more reasonable — they’ll say, ‘Oh, he was chicken. He was chicken,’ Trump said during Wednesday’s press conference. “That’s unbelievable.”

There’s certainly one person who doesn’t believe it, and he’s now determined to convince the rest of the world not to believe it, either. Fasten your seat belts.



Source link

Tags: indigestionTacoTrumpWatch
ShareTweetShare
Previous Post

Choosing Your Business Structure – Guardian Tax Law

Next Post

Bitcoin: ETF Flows Slow, but Accumulation Signals Show Uptrend Has Legs

Related Posts

edit post
Asia’s wealthy lack succession plans even as riches near  trillion

Asia’s wealthy lack succession plans even as riches near $99 trillion

by TheAdviserMagazine
November 11, 2025
0

Asian private wealth is projected to reach $99 trillion by 2029, yet many of the region’s wealthiest families are unprepared...

edit post
50-year mortgage: A game-changer or more pain for homebuyers?

50-year mortgage: A game-changer or more pain for homebuyers?

by TheAdviserMagazine
November 11, 2025
0

Nov. 11, 2025 4:57 AM ETThe Real Estate Select Sector SPDR® Fund ETF (XLRE), XHB, ITB, HOMZ, NAIL, REZ, HAUS,...

edit post
New York City business leaders are split on whether to relocate their firms to avoid Mayor-elect Zohran Mamdani’s policies

New York City business leaders are split on whether to relocate their firms to avoid Mayor-elect Zohran Mamdani’s policies

by TheAdviserMagazine
November 11, 2025
0

Democratic socialist Zohran Mamdani is New York City’s mayor-elect, set to assume office on Jan. 1, and some billionaires have...

edit post
Few stocks driving S&P gains, global markets offering better returns: Andrew Freris

Few stocks driving S&P gains, global markets offering better returns: Andrew Freris

by TheAdviserMagazine
November 11, 2025
0

Global markets are buzzing with activity, from potential India-US trade deals to the lifting of the US government shutdown. Investors...

edit post
Warren Buffett: ‘I am going quiet’: Warren Buffett says will no longer write annual letters in a poignant note filled with grace

Warren Buffett: ‘I am going quiet’: Warren Buffett says will no longer write annual letters in a poignant note filled with grace

by TheAdviserMagazine
November 10, 2025
0

Warren Buffett, the legendary investor and one of the world’s most admired business figures, announced that he would "go quiet"...

edit post
CoreWeave earnings: Data-center operator posts  billion in contracted future revenue, but revenue guidance drops amid bubble fears

CoreWeave earnings: Data-center operator posts $56 billion in contracted future revenue, but revenue guidance drops amid bubble fears

by TheAdviserMagazine
November 10, 2025
0

CoreWeave needed a lot of things to go right on Monday as it released third-quarter financial results, and one of...

Next Post
edit post
Bitcoin: ETF Flows Slow, but Accumulation Signals Show Uptrend Has Legs

Bitcoin: ETF Flows Slow, but Accumulation Signals Show Uptrend Has Legs

edit post
Best AI Crypto To Watch for Decentralised Autonomous Agent – Assemble AI, HyperGPT, Neuron

Best AI Crypto To Watch for Decentralised Autonomous Agent - Assemble AI, HyperGPT, Neuron

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
7 States That Are Quietly Taxing the Middle Class Into Extinction

7 States That Are Quietly Taxing the Middle Class Into Extinction

November 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Data centers in Nvidia’s hometown stand empty awaiting power

Data centers in Nvidia’s hometown stand empty awaiting power

November 10, 2025
edit post
Is your audit tech stack holding you back? 

Is your audit tech stack holding you back? 

0
edit post
Asia’s wealthy lack succession plans even as riches near  trillion

Asia’s wealthy lack succession plans even as riches near $99 trillion

0
edit post
Belgium Seeking Young Troops | Armstrong Economics

Belgium Seeking Young Troops | Armstrong Economics

0
edit post
What happens to BTC when Washington reopens?

What happens to BTC when Washington reopens?

0
edit post
Trump administration has revoked 8,000 student visas

Trump administration has revoked 8,000 student visas

0
edit post
The Financial Downside of Caring for Elderly Parents Full Time

The Financial Downside of Caring for Elderly Parents Full Time

0
edit post
Asia’s wealthy lack succession plans even as riches near  trillion

Asia’s wealthy lack succession plans even as riches near $99 trillion

November 11, 2025
edit post
50-year mortgage: A game-changer or more pain for homebuyers?

50-year mortgage: A game-changer or more pain for homebuyers?

November 11, 2025
edit post
What happens to BTC when Washington reopens?

What happens to BTC when Washington reopens?

November 11, 2025
edit post
New York City business leaders are split on whether to relocate their firms to avoid Mayor-elect Zohran Mamdani’s policies

New York City business leaders are split on whether to relocate their firms to avoid Mayor-elect Zohran Mamdani’s policies

November 11, 2025
edit post
Few stocks driving S&P gains, global markets offering better returns: Andrew Freris

Few stocks driving S&P gains, global markets offering better returns: Andrew Freris

November 11, 2025
edit post
Belgium Seeking Young Troops | Armstrong Economics

Belgium Seeking Young Troops | Armstrong Economics

November 11, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Asia’s wealthy lack succession plans even as riches near $99 trillion
  • 50-year mortgage: A game-changer or more pain for homebuyers?
  • What happens to BTC when Washington reopens?
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.