Trump attacked because of the ‘Viral Taco’ trading meme. What is that for?

President Donald Trump was faced with an acronym that refers to his trading policy this week – and in the meantime it might sound good, the phrase seemed to leave a bad taste in the mouth of the President.

“Taco trade,” which stands for “Trump is always chicken,” Created by the Columnist of Financial Times Robert Armstrong But since then spread throughout the wall street and the internet, mocking back and forth to the president on the tariff policy.

The sentiment behind the phrase is that despite collecting steep tariffs against countries, especially European and European Union countries, Trump has repeatedly pushed the deadline, reducing the percentage of tariffs and withdrawing from the initial demands, according to Armstrong.

Investors were involved in “Taco Trading” by buying lower shares after Trump announced a new tariff or improved it, then reaped the benefits when the market rose when he delayed or withdrawing from them.

When asking questions from reporters at the Oval Office on Wednesday, a reporter asked Trump’s reaction to Jab Wall Street which is now viral.

“Oh, I’m out? Isn’t that good? I’ve never heard of that,” Trump said.

The President continued to defend his decision to cut tariffs in China for 90 days and push the deadline for 50% of the tariffs in European Union countries until July 9.

“Do you call that girl?” Trump asked, looking nervous about the question, which he called “evil.”

“I think we really help China very much because, you know, they have great difficulties because we basically will become a cold turkey with China,” continued the President. “We don’t do business because of the tariff, because it’s very high. But I know that.”

“Never say what you say,” Trump told the reporter. “That’s an unpleasant question.”

Trump tariffs, announced in April on what the President called “Liberation Day,” canceling decades of US trade policies, disrupting global trade and leaving the stock market in flux.

The legality of Trump’s sweeping tariff, however, was in the legal limbo after the three judges panels from the US International Trade Court decided that Trump exceeded his authority when he requested the 1977 International Emergency Economic Strength Act to declare a national emergency and confirm global levies.

Trump’s administration appealed the decision on Thursday, with the court while postponing the judge’s order.

The court has set a briefing schedule until June 9.