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Quoted By: >>1481025
https://www.cnbc.com/2026/01/22/trump-tariffs-greenland-europe-deal-taco-trade-sell-america.html
Trump’s latest tariffs U-turn is sparking a global market rally — and reviving talk of the ‘TACO trade’
U.S. President Donald Trump’s latest retreat from a trade war has catalyzed an international asset rally — and revived investors’ talk of “TACO” — “Trump Always Chickens Out.”
Speaking to CNBC’s Joe Kernen at the World Economic Forum in Davos, Switzerland, on Wednesday evening, Trump said he’d walked back tariffs on European allies because he now had “the concept of a deal” over Greenland, after weeks of demanding to annex it for the U.S.
He had threatened to impose 10% tariffs on eight European countries that opposed his push to “buy” the Arctic island. They would have risen to 25% from June 1
Trump’s latest tariffs U-turn is sparking a global market rally — and reviving talk of the ‘TACO trade’
U.S. President Donald Trump’s latest retreat from a trade war has catalyzed an international asset rally — and revived investors’ talk of “TACO” — “Trump Always Chickens Out.”
Speaking to CNBC’s Joe Kernen at the World Economic Forum in Davos, Switzerland, on Wednesday evening, Trump said he’d walked back tariffs on European allies because he now had “the concept of a deal” over Greenland, after weeks of demanding to annex it for the U.S.
He had threatened to impose 10% tariffs on eight European countries that opposed his push to “buy” the Arctic island. They would have risen to 25% from June 1
