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June 3, 2025 22 mins

Some investors on Wall Street are starting to call President Trump’s bluffs on tariffs — coining the acronym TACO, for “Trump Always Chickens Out.” But will Trump make good on his promises to end the conflict in Ukraine, strike a deal with Iran and make nice with China? Or is his strongman approach just making things worse? Columnists Dana Milbank, Catherine Rampell and Jim Geraghty discuss how difficult it is to strike deals when Trump’s actual policy objectives are so muddled.


Additional reading by our columnists:

Dana Milbank: The bully gets punched in the nose

Jim Geraghty: Trump belatedly wakes up to Putin’s brutality


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