Clicky

  • Login
  • Register
  • Submit Your Content
  • Contact Us
Wednesday, June 18, 2025
World Tribune
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food
Submit
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food
No Result
View All Result
World Tribune
No Result
View All Result

Not chickening out on tariffs

May 28, 2025
in News
Reading Time: 2 mins read
A A
Not chickening out on tariffs
0
SHARES
ShareShareShareShareShare

READ ALSO

Fed holds key rate steady

Trump says ‘stupid’ Powell ‘probably won’t cut’ rates Wednesday

Not chickening out on tariffs

President Donald Trump on Wednesday pushed back against an emerging critique of his on-again, off-again tariff threats, which has been derisively summed up as the “TACO trade.”

The term coined by a Financial Times columnist — which stands for “Trump Always Chickens Out” — describes a pattern in which Trump announces heavy new tariffs, sending markets tumbling, and then later pauses or lightens them, causing markets to rebound.

When asked by CNBC about the term at the White House, Trump denied that he had ever backed down and suggested that his moves have helped the U.S. gain ground in trade negotiations.

“After I did what I did, they said, ‘We’ll meet anytime you want,'” Trump said of the European Union, which he had recently targeted with a 50% U.S. tariff — before announcing two days later that he was delaying that new levy.

“You call that chickening out?” Trump said.

“It’s called negotiation,” he added, after criticizing the question as “nasty.”

Read more CNBC politics coverage

Stocks fell Friday after Trump called for the U.S. to impose the steep tariff on the EU starting June 1. On Sunday, Trump said he would delay that deadline to July 9 after European Commission President Ursula von der Leyen asked for an extension.

In the next trading session on Tuesday, stocks rallied across major indexes.

Trump in Wednesday’s remarks went on to credit the 50% tariff threat with jumpstarting trade talks between the U.S. and the EU.

“The sad thing is, now, when I make a deal with them, it’s something much more reasonable, they’ll say, ‘Oh, he was chicken, he was chicken,'” Trump said. “That’s so unbelievable.”

The EU-tariff turnabout is not Trump’s first time abruptly reversing his own trade policies.

After weeks of build-up, Trump on April 2 unveiled individualized “reciprocal” tariff rates against almost every on earth, with some getting hit with massive duties of 30% or higher.

One week later — and following several bouts of stock-market turmoil— Trump said he would drop all of those tariffs down to 10% for 90 days. Markets responded with one of the biggest single-day rallies in history.

The Trump administration’s trade war with China has followed a similar path. The president ratcheted up blanket tariffs on Beijing as high as 145% — spurring retaliation and spooking investors — then dropped them to 30% a month later following an initial round of trade talks.

This is breaking news. Please check back for updates.

— CNBC’s Laya Neelakandan contributed to this report.

Credit: Source link

ShareTweetSendSharePin
Previous Post

Target missed analysts’ sales expectations by nearly half a billion dollars in the aftermath of DEI-related boycotts

Next Post

FDA clears Hyperfine’s Optive AI software for brain imaging

Related Posts

Fed holds key rate steady
News

Fed holds key rate steady

June 18, 2025
Trump says ‘stupid’ Powell ‘probably won’t cut’ rates Wednesday
News

Trump says ‘stupid’ Powell ‘probably won’t cut’ rates Wednesday

June 18, 2025
Why destroying Iran’s nuclear program is so difficult
News

Why destroying Iran’s nuclear program is so difficult

June 18, 2025
‘Tariff engineering’ is making a comeback as businesses attempt to skirt duties
News

‘Tariff engineering’ is making a comeback as businesses attempt to skirt duties

June 18, 2025
Fed likely to keep rates the same but give forecast that moves markets
News

Fed likely to keep rates the same but give forecast that moves markets

June 18, 2025
Hong Kong’s Regencell Bioscience triples in latest surge for a speculative stock
News

Hong Kong’s Regencell Bioscience triples in latest surge for a speculative stock

June 17, 2025
Next Post
FDA clears Hyperfine’s Optive AI software for brain imaging

FDA clears Hyperfine's Optive AI software for brain imaging

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

What's New Here!

Get up to 40 percent off for Memorial Day

Get up to 40 percent off for Memorial Day

May 25, 2025
Layer Health, Intermountain Health partner for clinical registry reporting

Layer Health, Intermountain Health partner for clinical registry reporting

June 17, 2025
Jermaine Johnson embracing high expecations for return to Jets

Jermaine Johnson embracing high expecations for return to Jets

June 11, 2025
Trump tariffs reinstated by appeals court for now

Trump tariffs reinstated by appeals court for now

May 30, 2025
One last hurdle remains between Garrett Wilson and Jets bliss

One last hurdle remains between Garrett Wilson and Jets bliss

May 22, 2025
AMD reveals next-generation AI chips with OpenAI CEO Sam Altman

AMD reveals next-generation AI chips with OpenAI CEO Sam Altman

June 13, 2025
Memorial Day sales include our favorite budget streaming stick for only

Memorial Day sales include our favorite budget streaming stick for only $20

May 23, 2025

About

World Tribune is an online news portal that shares the latest news on world, business, health, tech, sports, and related topics.

Follow us

Recent Posts

  • Fed holds key rate steady
  • Return to Silent Hill is coming to theaters next January
  • Jets release Anders Carlson after signing ‘Thiccer Kicker’ Harrison Mevis
  • Amazon-owned Zoox just opened a 220,000-square-foot manufacturing facility to build its robotaxi vehicles in California

Newslatter

Loading
  • Submit Your Content
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2024 World Tribune - All Rights Reserved!

No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food

© 2024 World Tribune - All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In