Trump and the ‘nasty’ Taco trade

News Snapshot:

The Taco trade — short for Trump Always Chickens Out — has become Wall Street’s shorthand for profiting off presidential tariff tantrums. Photograph: Evan Vucci/AP The bad news: even if the appeals court had not overturned the recent US trade court ruling declaring most of Donald Trump’s tariffs illegal, Goldman Sachs expects the White House would find new ways to impose duties anyway. The good news: investors seem unfazed either way. The Taco trade – short for Trump Always Chickens Out – has become Wall Street’s shorthand for profiting off presidential tariff tantrums. Trump announces sky-high levies, markets plunge, then...