President Donald Trump has again delayed a tariff deadline. His back and forth on the policy spurred TACO accusations. What does it mean?

Trump insiders maintain that it would make little sense — politically or from a policy standpoint — for the president to offer any further extensions on trade.

Buying the dip during tariff volatility has paid off for investors, but the TACO trade could ultimately backfire, GMO's Ben Inker said.

Markets may face turbulence as Trump pushes US re-industrialization, with bubble-like S&P500 valuations signaling a potential selloff ahead. See more here.

“TARIFFS WILL START BEING PAID ON AUGUST 1, 2025.,” Trump posted Tuesday morning to Truth Social, the social media website he owns. “There has been no change to this date, and there will be no change. In other words, all money will be due and payable starting AUGUST 1, 2025 - No extensions will be granted.”

President Donald Trump announced looming tariffs on at least seven countries on Monday as he struggles to lock in new trade agreements with some of the biggest U.S. trading partners. The president first posted a pair of letters to the leaders of both Japan and South Korea on social media which stated they would be slapped with 25 percent tariffs starting on August 1.

If investors widely bet that Trump will blink, that means there is no market freakout. And no market freakout in turn means no one is holding Trump’s feet to the fire, pressuring him to back away from policies that could damage the economy and corporate profits.

JP Morgan Chase CEO Jamie Dimon says President Donald Trump has been correct not to let his sweeping tariffs go into effect but warned that Trump’s pattern of backing down after threatening massive tax increases may not continue indefinitely.

The president was quick to undermine his new threat, which came after he had already delayed the original deadline.

The term “TACO,” short for Trump Always Chickens Out, has been used to describe how markets tumble on the president’s tariff threats, then rebound when he gives way.

The last time President Donald Trump rolled out tariffs this high, financial markets quaked, consumer confidence crashed and his popularity plunged.