#ContentMiningRevampPublicBeta For traders, the move reinforces the "TACO" (Trump Always Chickens Out) narrative that has dominated the first few weeks of 2026—the idea that extreme tariff threats are frequently used as opening gambits before a pivot to a "framework" deal.
Why This Matters for the Macro Picture
Supply Chain Breathing Room: The proposed tariffs targeted eight key European nations (including Germany, France, and the UK). The removal of this threat prevents an immediate spike in landed costs for European imports.
Inflation & Rates: Markets were pricing in a "tariff-induced