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