For some nine months now, the TACO trade has proven a reliably winning one on Wall Street. Short for “Trump Always Chickens Out,” it emerged in the wake of the US president’s global tariff rollout — and rollback — last April. It quickly became the rallying cry for investors tuning out the more extreme White House threats as they kept buying risky assets. Most Read from Bloomberg There’s just one problem with the trade, though, as some on Wall Street are beginning to appreciate. If TACO means investors ...