CNBC: Market watchers warn Trump might not ‘chicken out’ of 30% tariffs on the EU
By Chloe Taylor | July 16, 2025
Kevin Yin, VP of investment at Phoenix, Arizona-based Asterozoa Capital, argued that this time around, Trump has a greater incentive to follow through on his tariff threats.
“The TACO (Trump Always Chickens Out) narrative has held so far, but now with domestic stock markets near all-time highs and largely complacent to continued tariff threats, Trump has additional leverage to continue his push which increases the chance of the 30% tariff rate coming to fruition,” he said in an email. “On the other hand, Trump and [Treasury Secretary Scott] Bessent have shown more sensitivity to the bond market, and the recent rise in yields may pressure the President and his team to back off.”
Read the full article here.
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