The trade is based on the idea that
The trade is based on the idea that: Sevens Report Founder, Tom Essaye Quoted in Forbes
Deutsche Bank Upgrades U.S. Stock Rating On Trump’s Tariff ‘Relents’—As ‘TACO’ Trump Gains Popularity
As Sevens Report founder Tom Essaye explains, the “trade is based on the idea that Trump makes an outlandish and significant tariff proposal on a major U.S. trading partner but within a matter of days, backtracks and either delays the implementation or exempts enough goods that the tariff itself loses much of its bite.” Trump has “always chicken[ed] out so far,” noted Essaye.
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