TACO Trade Wins Again, Trump Withdraws EU Tariff Threat
President Trump withdrew threatened 10-25% tariffs on eight European allies after a meeting with NATO Secretary General Mark Rutte, reversing course from Tuesday's market turmoil. The reversal triggered a rally across major indexes, with the Dow Jones up 1.22% and Nasdaq 100 up 1.18%, validating the 'TACO Trade' (Trump Always Chickens Out) strategy that bets on Trump backing down from tariff threats.
https://www.benzinga.com/markets/equities/26/01/50056954/taco-trade-wins-again-trump-withdraws-eu-tariff-threat?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel