PRESIDENT Donald Trump made no pretense at hiding his irritation this week when he was asked by a reporter about “TACO” – an acronym that has been gaining traction among Wall Street traders who believe that “Trump Always Chickens Out.”
The so-called “TACO Theory” was coined by Robert Armstrong, a Financial Times writer seeking to underline the US president’s tendency to backtrack on policies when they start to roil the markets.
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