Trump ratchets up tariff threats, but investors bet he will back off

Odaily News Trump has stepped up his tariff threats, but the market has become "desensitized" and investors are betting that Trump will always back down. Trump's latest tariff move brings his tariff levels closer to the high tariffs he announced on dozens of US trading partners in early April than some analysts expected. But the initial so-called "reciprocal" tariffs were postponed and renegotiated after the stock market plummeted; Trump then postponed the tariffs from July 9 to August. However, investors are paying far less attention to the current president's threats than his early remarks, betting that he will eventually abandon tariffs that could severely damage US growth. The deal is known in the market as "TACO" - an abbreviation for "Trump Always Chickens Out." (Jinshi)