Trump says no pause on tariffs after rollercoaster day on Wall Street ends with most US markets down
Monday, 7 April 2025 Donald Trump has ruled out pausing the sweeping tariffs he has imposed on countries across the world after a rollercoaster day on Wall Street that ended with most of the US markets down.
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President Donald Trump was visibly irritated during a press event after being asked about Wall Street’s trending term “TACO Trade” — short for “Trump Always Chickens Out.” The phrase, used by investors to suggest that Trump backs down under market pressure, triggered a fiery exchange. “That’s a nasty question,” Trump told the reporter, firmly denying that he ever backs off. He doubled down on his tough stance on tariffs, especially against China, but the viral moment is now fueling fresh debate over whether the president folds when financial pressure mounts.
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President Trump pushed back after being mocked on Wall Street with the nickname "TACO trade"—short for "Trump Always Chickens Out"—a dig at his inconsistent tariff strategies. During a press exchange on May 28, Trump defended delaying steep tariffs on China and the EU, calling the jab unfair. The term has gained traction among analysts critical of his tariff flip-flops, citing economic uncertainty for markets and businesses. Despite the criticism, Trump maintains that his decisions are strategic, aimed at securing better deals while avoiding unnecessary economic damage.
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President Trump now says he has “no intention” of firing Federal Reserve Chair Jerome Powell, despite calling him a “major loser” just days ago. Trump’s sudden reversal—delivered in the Oval Office—comes after sharp criticism and market turbulence. Wall Street surged on the news, as fears of a central bank shakeup faded. Trump had previously accused Powell of failing to cut interest rates. The about-face follows internal White House talks on removing Powell, who is legally protected until 2026. Critics warned that firing him could destabilize the entire financial system.
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#Israel #Iran #NuclearTalks #MiddleEastTensions #IsraelVsIran #USIranTalks #IDF #IranNuclear #BunkerBusters #Netanyahu #Trump #MilitaryStrike #DiplomaticStandoff #Hezbollah #ProxyConflict #IsraelDefenseForces #Sanctions #USForeignPolicy #Geopolitics #BreakingNews #IranDeal #MiddleEastCrisis #StrategicStrike #SecurityAlert #EmergencyMeetings #MilitaryPreparedness #IranSanctions #NuclearEnrichment #RegionalSecurity #IsraelNews
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Former Speaker Nancy Pelosi is criticizing Donald Trump for deploying the National Guard to Los Angeles without Governor Gavin Newsom's consent, calling it a violation of Article 10 of the Constitution. Pelosi compared this to Trump’s refusal to deploy the Guard during the January 6 Capitol riot, despite bipartisan pleas. “And yet, in a contra-constitutional way, he has sent the National Guard into California,” she said. With legal and political tensions rising, Pelosi warns: "Something is very wrong with this picture."
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