Gideon Rachman: “The TACO phrase was drawn to Trump’s attention in a press conference last week. He was not amused and called it a ‘nasty question.'”
“All the nastier, perhaps, for being accurate. In fact, ‘TACO’ is not just a useful heuristic for investors. It also turns out to be a key to analyzing Trump’s foreign policy.
”“As Jeremy Shapiro of the European Council on Foreign Relations points out in a recent paper, Trump enjoys issuing blood-curdling threats of the use of force. But he very rarely follows through.”