The TACO trade may doom the stock market Today when Trump announced the 25% tariffs on Japan and Korea, markets had a relatively muted reaction. Even with the Trump administration stating that they’re raising tariff rates on other 12 countries this week, the S&P 500 didn’t even decline a full percentage point.  The markets current reaction to Trump revamping his tariff talk pales in comparison to the -7% decline after announcing his Canada and Mexico tariffs and the further -12% dr