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JPMorgan strategists have created a new 'TACO' barometer—an acronym for 'Trump Always Chickens Out'—as a framework for predicting President Trump's negotiating behavior and deal-making propensities on major issues. The index is designed to gauge market expectations for whether Trump will follow through on threatened actions or retreat from confrontational stances. The tool reflects Wall Street's ongoing effort to forecast policy outcomes by modeling the president's demonstrated negotiating patterns and tendency to settle disputes.