New York CNN —
Tariff Man is back again — and so is Wall Street’s TACO trade.
President Donald Trump is once more threatening to lob massive duties on a wide swath of US imports, everything from copper and pharmaceuticals to goods from Japan and Russia.
Yet Wall Street is barely flinching, with some investors betting Trump will repeat his tendency to back down from his most extreme threats.
The muted response is just the latest instance of what’s known as the TACO trade, short for Trump Always Chickens Out.
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