Trump, TACO and tariffs
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Buying the dip during tariff volatility has paid off for investors, but the TACO trade could ultimately backfire, GMO's Ben Inker said.
President Donald Trump has again delayed a tariff deadline. His back and forth on the policy spurred TACO accusations. What does it mean?
After President Donald Trump paused his “Liberation Day” tariffs in April, his trade adviser Peter Navarro promised that the administration would deliver “90 deals in 90 days.” But that deadline came and went Wednesday with the White House 88 trade deals short.
“TARIFFS WILL START BEING PAID ON AUGUST 1, 2025.,” Trump posted Tuesday morning to Truth Social, the social media website he owns. “There has been no change to this date, and there will be no change. In other words, all money will be due and payable starting AUGUST 1, 2025 - No extensions will be granted.”
THE 20-percent reciprocal tariffs announcement by Washington is a “major shock” for the Philippines, a development that resulted from the collapse of talks between the two trade partners—but there is always a “silver lining,
President Donald Trump seems willing to spend “financial markets capital” whenever stocks are up, say strategists at GlobalData, TS Lombard.
1don MSN
JP Morgan Chase CEO Jamie Dimon says President Donald Trump has been correct not to let his sweeping tariffs go into effect but warned that Trump’s pattern of backing down after threatening massive tax increases may not continue indefinitely.