State Dept Spokeswoman Attacks Cindy McCain in Confused Update on Gaza

In a Wednesday note obtained by Market Watch, Sevens Report Research founder Tom Essaye insisted that Trump does, in fact, always chicken out. So far, that’s been true for enacting additional tariffs on Mexico and Canada, postponing his “reciprocal” tariff plan on dozens of countries after his “Liberation Day” announcement went south, delaying a tariff on imports from the European Union, and smashing his plan to fine China, temporarily decreasing tariffs on Chinese products to 30 percent from 145 percent.

“So, the returns are somewhat conclusive: The TACO trade has worked and buying stocks on extreme tariff-related threats has worked,” Essaye wrote, noting that the known gambit’s growing popularity will translate to diminished returns.

But investors aren’t the only power players taking note of Trump’s transparent poker face. On Tuesday, Russian state propagandists mocked the U.S. president for lacking any follow through, predicting in a tweet that Trump’s “playing with fire” threat would be reversed by a social media post the following morning.