TACO or Not Financial markets have again steadied following the renewed war of words between Beijing and Washington. The two competitors cannot agree on much and signals that Xi and Trump will talk this week may or may not be true. Meanwhile, more U.S. tariffs on steel and aluminum kick in this week. Efforts to resolve the tariff war continue, though hope for a resolution have fallen. Pundits debate the Financial Times’ coinage of the term TACO, or Trump Always Chickens Out to characterize President Trump. Some suggest that TACO is a Trump feature and not a bug. He tests extremes to better understand limitations and responds accordingly. Others contend it is a weakness that opponents can manipulate. U.S. – Japan Nego...
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Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...