Tariff TACO bingo: April 9, July 9, now August 1

  • Extending the deadline and uncertainty

When Trump first announced his tariff war he nominated the date to eb April 9.

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

The deadline has now shifted 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.

Trump tariffs

From back in early April

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