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Court’s tariff block a handbrake on Trump with 3 implications for markets

The blunting of the US president’s agenda means the tailwind of fiscal stimulus remains in place.

Donald Trump thinks you’re being nasty.

On Wednesday night, the US president was asked during an Oval Office press conference to respond to the idea that markets are rising on what’s been called the TACO trade, which stands for Trump Always Chickens Out.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/chanticleer/court-block-on-trump-s-tariffs-is-extra-spice-for-taco-trade-20250529-p5m38m