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Travis Gettys May 30, 2025 8:57AM ET
President Donald Trump finally got an "off-ramp" from his deeply unpopular trade wars, said one of his former White House aides, but the sudden popularity of a mocking nickname might compel him to double down.
The president has been announcing punishing tariffs against China and other U.S. trade partners, sending markets into a tailspin and forcing him to back off, and Wall Street traders have been banking on his predictably lurching economic policy with what they call "TACO" trades – meaning "Trump Always Chickens Out" – and former White House staffer Alyssa Farah Griffin told "CNN News Central" the acronym might backfire.