TACO describes a single circumstance: if you're a stock trader, there's a pattern to Trump announcing something (knocking the market down) but then walking it back somewhat (and the market goes right back up). Point is, don't panic sell.

Outside of that one situation, it's inaccurate and unhelpful.
Reposted from Gabe Garbowit
I’m just going to say it: the TACO thing is straight up not true.

He doesn’t always cave. We are still in a trade war and ask Abrego Garcia what he thinks of the caving.

Elected officials like it because it confirms their firm belief that if they do nothing, he loses by himself.

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