Trump is increasing tariff threats, but the market has become "desensitized," with investors betting that Trump will always back down. Trump's latest tariff moves bring his tariff levels closer than some analysts had expected to the high tariffs he announced in early April on dozens of U.S. trading partners. But those initial so-called "reciprocal" tariffs were delayed and renegotiated after a stock market crash; Trump then postponed the effective date of the tariffs from July 9 to August. However, investors are taking the current president's threats far less seriously than his earlier rhetoric, betting that he will eventually abandon tariffs that could seriously damage U.S. growth. This trade is known in the market as "TACO" - an acronym for "Trump Always Chickens Out." (Golden Ten) [Odaily Planet Daily]