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You've heard about taco trade. Taco, short for Trump always chickens out, is a new acronym coined by a Financial
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Times columnist. It describes a pattern where Trump rattles the markets with his
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tariff threats only to backpedal a few days later. Sending stock surging. Trump doesn't like the taco terminology. His
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pissiness was on full display when asked about it on Wednesday. Let's listen. Oh,
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isn't that chicken out? I've never heard that. You mean because I reduced China from 145% that I set down to 100 and
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then down to another number. You call that chickening out? Oh man, is he sensitive about that taco trade? This is
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how terrible a business person and negotiator Trump is. Trump puts a tariff of 145%. And then he admits himself,
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"Oh, that was kind of high." And then he lowers it to 30 cuz the markets throw up. So he's essentially, if he's a poker
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player, he shows up to the table with all this bravado and swagger. He goes all in and then before he even sees what
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the other players say or do, he goes, "I fold. I fold." He negotiates against himself and nobody takes him seriously.
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But here's the real story in my view. This is nothing but a weapon of insider trading. And that is he can create
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volatility. He can take markets up for some of their biggest gains in history when he takes these ridiculous trades
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off the table. He can take markets down. And the people around him are trading stocks like [ __ ] crazy. He's also
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doing it because he doesn't have a plan. at the same time. And either he is in on
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the grift, right, or he's so dumb and a bad business person, they're playing him. He's rewarding his allies. He's
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rewarding his allies and also doing what he does, which is run businesses right into the ground. The fact that he gets
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so angry about it was really revoly. [Music]