Tariff TACO bingo: April 9, July 9, now August 1 ...Middle East

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After markets collapsed he shifted the date to July 9, earning him the 'TACO' nickname (for 'Trump Always Chickens Out').

Trump has officially extended his tariff deadline to August 1

While many dub him TACO, there are those that defend his approach saying it's a genius negotiating tactic. Whichever it is, our experience of Smoot-Hawley suggests tariffs are not a positive for trade.

From back in early April

This article was written by Eamonn Sheridan at www.forexlive.com.

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