Odaily News Trump intensifies tariff threats, but the market has already become "desensitized," with investors betting that Trump will always back down. Trump's latest tariff measures bring his tariff levels closer to the high tariffs he announced in early April for dozens of U.S. trading partners than some analysts had expected. However, those initially so-called "reciprocal" tariffs were postponed and renegotiated after the big dump in the stock market; subsequently, Trump pushed back the effective date of the tariffs from July 9 to August. Nevertheless, investors do not regard the threats of this sitting president with the same seriousness as his earlier statements, betting that he will ultimately abandon tariffs that could severely damage U.S. growth. This trade is referred to in the market as "TACO"—short for "Trump Always Chickens Out." (Jin10)