JPMorgan TACO index suggests Trump likely to back down in trade standoffs

JPMorgan has created a 'TACO' barometer (Trump Always Chickens Out) to model the probability of President Trump retreating from trade confrontations. The index reportedly signals conditions favor a deal, implying reduced trade-war escalation risk. The methodology is opaque and the signal is speculative, but it offers a market-relevant read on trade policy trajectory.