Trump has changed tariff policies at least 50 times since he took office, and traders have figured out they can buy stocks cheaply when markets plummet after a dramatic tariff announcement, and sell when Trump changes his mind. This has recently given rise to Trump’s nickname “TACO,” for “Trump Always Chickens Out.”
This moniker has apparently irritated Trump so much he has taken to social media to defend his abrupt dropping of tariffs on China, saying he did it to “save them” from “grave economic danger,” although in fact, China turned to other trading partners to cushion the blow of U.S. tariffs. Trump went on to suggest China did not live up to what he considered its part of the bargain, and he would no longer be “Mr. NICE GUY!”