President Donald Trump announcedvia Truth Social that he is delaying the imposition of new tariffs on Mexico just hours before a self-imposed August 1 deadline, citing a “very successful” call with Mexican President Claudia Sheinbaum.
The decision marks a notable retreat from Trump’s previous pledge not to extend negotiations without a formal agreement—yet another instance fueling the emerging Wall Street adage, “TACO,” shorthand for “Trump Always Chickens Out.”
The decision marks a notable retreat from Trump’s previous pledge not to extend negotiations without a formal agreement—yet another instance fueling the emerging Wall Street adage, “TACO,” shorthand for “Trump Always Chickens Out.”