What does Trump have to do with taco Tuesday? Social jabs explained
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President Donald Trump again delayed the consequences for his latest threat against Iran, leading critics to say “TACO.”Trump set the April 7 deadline for Iran to reopen the Strait of Hormuz in an expletive-filled post on Easter Sunday. He ramped up the threat to attack the country’s power plants and bridges on the morning of the deadline, saying, “a whole civilization will die tonight.”But just hours before the deadline, Trump said he had reached a two-week ceasefire with Iran.“The reason for doing so is that we have already met and exceeded all Military objectives, and are very far along with a definitive Agreement concerning Longterm PEACE with Iran, and PEACE in the Middle East," Trump said on Truth Social.This is the fourth time he has pushed off his threat to attack the critical infrastructure in Iran. It’s leading to an often-used critique of Trump: "TACO." But what does it mean?
What does Trump TACO mean?
Financial Times columnist Robert Armstrong coined "TACO trade" in May 2025, describing how some investors anticipate market rebounds amid Trump's on-again, off-again tariff policies.
The acronym stands for "Trump always chickens out."
Armstrong describes TACO trade as some investors' strategy to buy into the market that dips when Trump announces steep tariffs on the assumption that he will back off his tariff order, and the market will rebound.
Trump previously hit back at a reporter who asked about the term, saying, "you ask a nasty question like that. It's called negotiation."
The Supreme Court ruled on Feb. 20 that many of Trump's tariffs were illegal.
What did Trump do last night?
Senator takes aim at Amazon, questions 'Melania' movie deal | ExclusiveTrump coin combines his love for gold and things named after him'I did that.' Gas pump stickers show political volleying of gas pricesWhat does 'Trump TACO' mean? Iran ultimatum postponed before deadline
Trump announced a two-week ceasefire with Iran about 90 minutes before the deadline he had set for "Power Plant Day, and Bridge Day." Pakistan brokered the deal and both Iran and the U.S. have claimed victory.
The threat was a push to reopen the Strait of Hormuz, a waterway that connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. It is a chokepoint for about 20% of the world's oil shipments and has been largely closed since the U.S. started the war in Iran, impacting the global oil market and raising prices.
The ultimatum was first issued on March 21 with a 48-hour deadline, but as it approached, he extended it for five days. Trump extended that deadline again on March 26 for 10 days. But he said that would have been "inappropriate" for the day after Easter, as it would have fallen on April 6. So, on Easter Sunday (April 5) Trump issued the most recent expletive-laden deadline for 48 hours later.
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"Open the (expletive) Strait, you crazy bastards, or you’ll be living in Hell," he wrote on Truth Social on April 5.
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