Skip to playerSkip to main content
President Donald Trump was visibly irritated during a press event after being asked about Wall Street’s trending term “TACO Trade” — short for “Trump Always Chickens Out.” The phrase, used by investors to suggest that Trump backs down under market pressure, triggered a fiery exchange. “That’s a nasty question,” Trump told the reporter, firmly denying that he ever backs off. He doubled down on his tough stance on tariffs, especially against China, but the viral moment is now fueling fresh debate over whether the president folds when financial pressure mounts.

#Trump #TACOTrade #TrumpNews #WallStreet #Tariffs #TradeWar #Politics #TrumpPressConference #TrumpVsChina #BreakingNews #WhiteHouse #TrumpReaction #FinanceNews #MarketWatch #ViralMoment

Also Read

Pakistan Representatives To Visit US Next Week, Trade Deal With India Very Close: Trump :: https://www.oneindia.com/international/pakistan-representatives-to-visit-us-next-week-trade-deal-with-india-very-close-donald-trump-4168699.html?ref=DMDesc

US Court Battle Over Trump Tariffs Brings No Reprieve For EU :: https://www.oneindia.com/international/us-court-battle-over-trump-tariffs-brings-no-reprieve-for-eu-4168589.html?ref=DMDesc

Appeals Court Allows Trump To Continue Collecting Tariffs Under Emergency Powers Law For Now :: https://www.oneindia.com/international/appeals-court-allows-trump-to-continue-collecting-tariffs-under-emergency-powers-law-for-now-4167703.html?ref=DMDesc

Category

🗞
News
Transcript
00:00I gave the European Union a 50% tax tariff,
00:06and they called up and they said,
00:07please, let's meet right now.
00:09Please, let's meet right now.
00:10We have $14 trillion now invested.
00:13This country was dying.
00:15You know, we have the hottest country anywhere in the world.
00:16I went to Saudi Arabia, the king told me.
00:19We had a dead country.
00:20We had a country people didn't think it was going to survive,
00:22and you ask a nasty question like that.
00:24We were very nice to China.
00:26I don't know if they're going to be nice to us,
00:27but we were very nice to China.
00:28And we were basically going cold turkey with China.
00:31We were doing no business because of the tariff,
00:33because it was so high.
00:35Mr. President, Wall Street analysts have coined a new term
00:37called the taco trade.
00:38They're saying Trump always chickens out on the tariff threats,
00:41and that's why markets are higher this week.
00:43What's your response to that?
00:44I kick out.
00:45Chicken out.
00:47Oh, and then I chicken out.
00:49I've never heard that.
00:50You mean because I reduced China from 145% that I set
00:54down to 100 and then down to another number?
00:57And I said, you have to open up your whole country.
01:00And because I gave the European Union a 50% tax tariff,
01:07and they called up and they said, please, let's meet right now.
01:11Please, let's meet right now.
01:13And I said, okay, I'll give you till June 9.
01:16I actually asked them, I said, what's the date?
01:18Because they weren't willing to meet.
01:19And after I did what I did, they said, we'll meet any time you want.
01:25And we have an end date of July 9.
01:28You call that chickening out?
01:30Because we have $14 trillion now invested,
01:33committed to investing when Biden didn't have practically anything.
01:37Biden, this country was dying.
01:40You know, we have the hottest country anywhere in the world.
01:41I went to Saudi Arabia, the king told me.
01:44He said, you got the hottest company.
01:46We have the hottest country in the world right now.
01:49Six months ago, this country was stone cold dead.
01:52We had a dead country.
01:54We had a country people didn't think it was going to survive.
01:56And you ask a nasty question like that.
01:58It's called negotiation.
02:01You set a number.
02:02And if you go down, you know, if I set a number at a ridiculous high number,
02:05and I go down a little bit, you know, a little bit,
02:09they want me to hold that number, 145% tariff.
02:13Even I said, man, that really got up.
02:15You know how it got?
02:16Because of fentanyl and many other things.
02:18And you added it up.
02:20I said, where are we now?
02:21We're at 145%.
02:23I said, whoa, that's high.
02:25That's high.
02:26They were doing no business whatsoever.
02:28And they were having a lot of problems.
02:29We were very nice to China.
02:30I don't know if they're going to be nice to us,
02:31but we were very nice to China.
02:33And in many ways, I think we really helped China tremendously
02:37because, you know, they were having great difficulty
02:39because we were basically going cold turkey with China.
02:43We were doing no business because of the tariff,
02:45because it was so high.
02:46But I knew that.
02:48But don't ever say what you said.
02:50That's a nasty question.
02:52Go ahead.
02:52To me, that's the nastiest question.
02:54Subscribe to One India and never miss an update.
Be the first to comment
Add your comment

Recommended