Just in time for Cinco De Mayo, it looks like Wall Street has coined a new insulting acronym for President Donald Trump. And like the infamous TACO, or Trump Always Chickens Out, it also has a connection to Mexican food.
Bloomberg columnist Javier Blas claimed on X Wednesday that one business analyst is mocking the president’s handling of the Iran war by replacing TACO with NACHO.
The acronym is more spicy than cheesy, as it bluntly stands for “Not A Chance Hormuz Opens,” a reference to Iran’s decision to restrict movement through the Strait of Hormuz, the narrow mouth of the Persian Gulf where 20% of all traded oil and natural gas normally passes.
HuffPost reached out to the White House for comment, but no one immediately responded.
But considering how Trump freaked out when he was told about TACO, it’s likely that he won’t be pleased with the new acronym.
