He had not yet heard the term, according to a senior White House official who acknowledged to CNN that the president was caught off guard. Trump had said as much at the time, saying “I’ve never heard that” before calling it the “nastiest question.”

“He thought the reporter was calling him a chicken,” the official said, adding that Trump was “reasonably” frustrated with the phrase.

The acronym was coined in early May by a Financial Times columnist and is now used as shorthand by some on Wall Street to indicate that traders shouldn’t fret too much about Trump’s tariff threats, since he usually backs down.

    • Numenor@lemmy.world
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      21 hours ago

      The New York Times, NPR, NBC, Reuters, Bloomberg, and Politico have been removed or had their access to briefings limited. Replaced with friendly right wing news sources. The Elon Ketamine use news is from an NYT article, the TACO phrase was from a Financial Times article.

    • HootinNHollerin@lemmy.dbzer0.com
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      2 days ago

      The timing says everything. Elon is ‘out’ and media is throwing shade to pull negative sentiment from trump. Otherwise would have done it earlier. Mainstream media that is

      • Ledericas@lemm.ee
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        21 hours ago

        Musk was always meant as a lightning rod for Trump’s tariffs and doge cuts, nothing more