Trump TACO trade contains seeds of own unravelling
https://www.reuters.com/commentary/breakingviews/trump-taco-trade-contains-seeds-own-unravelling-2025-07-11/
Buoyant markets may reflect hopes that the US president will always chicken out of imposing harsh tariffs. Yet Donald Trump now cites largely calm stocks as cause for fresh charges, such as a 35% Canada levy. That sows the seed for a larger correction if he sticks to his guns.
https://www.reuters.com/commentary/breakingviews/trump-taco-trade-contains-seeds-own-unravelling-2025-07-11/
Buoyant markets may reflect hopes that the US president will always chicken out of imposing harsh tariffs. Yet Donald Trump now cites largely calm stocks as cause for fresh charges, such as a 35% Canada levy. That sows the seed for a larger correction if he sticks to his guns.