Trump defends shifting tariff strategy amid ‘TACO trade’ digs
Wednesday, May 28, 2025, 4:21 pm
President Trump has lashed back at critics accusing him of “chickening out” on tariffs, dismissing jabs from Wall Street and trade pundits with characteristic bravado. Despite the mixed messages and tariff flip-flops, he insists his approach isn’t for the faint of heart—if only policy were as simple as ordering tacos.
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The U.S. Court of International Trade on Wednesday ruled President Donald Trump exceeded his authority under an emergency-powers law to impose tariffs on Canada.
WASHINGTON (AP) — A federal trade court on Wednesday blocked President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law. The ruling from a three-judge panel at the New York-based Court of International Trade came after several lawsuits arguing Trump has exceeded…
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Other world leaders and their aides will likely "be walking on the proverbial eggshells," says one U of C political scientist
WASHINGTON (AP) — President Donald Trump wants the world to know he’s no “chicken” just because he’s repeatedly backed off high tariff threats. The U.S. Republican president’s tendency to levy extremely high import taxes and then retreat has created what’s known as the “TACO” trade, an acronym…
(Bloomberg) — President Donald Trump bristled at suggestions that Wall Street believes he’s ultimately unwilling to follow through on extreme tariff threats, saying his repeated retreats are instead part of a strategy to exert trade concessions. “It’s called negotiation,” Trump said on Wednesday,…
Many economists are predicting a recession this year, leading to unprecedented uncertainty for businesses and consumers
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