If only TACO were true
A useful rule, when trying to understand current affairs, is AAL: Acronyms Always Lie. A case in point would be the acronym of the year so far: TACO (Trump Always Chickens Out). It means that Donald Trump is always bluffing and, when push finally comes to shove, he folds. TACO has caught on since Liberation Day and the onset of Trump 2.0’s tariff agenda, and is now deployed again and again to describe the President’s latest ceasefire with Iran. Over free trade, Greenland, and the Middle East, he’s shown himself to be a playground bully who loves to intimidate adversaries only to cave whenever the going gets tough. Market analysts