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The Dr. Phil Podcast

“TACO” Not Just For Eating! | The REAL Story with Dr. Phil

The Dr. Phil Podcast

Dr. Phil McGraw

Mental Health, Self-improvement, Society & Culture, Education, Health & Fitness

4.413.2K Ratings

🗓️ 11 June 2025

⏱️ 11 minutes

🧾️ Download transcript

Summary

Tariffs up? Trump gets blasted. Tariffs paused? He still gets blasted. The media’s not covering trade — they’re selling outrage. ‘TACO’ may be a cute meme… but is it costing us the truth?That’s The Real Story.

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Transcript

Click on a timestamp to play from that location

0:00.0

You know, it was just a couple of weeks ago that the media was screaming gloom and doom when Trump announced record high tariffs.

0:08.3

I certainly got my attention.

0:09.9

Mayhem in the markets to chaos and global security.

0:13.3

This is what two and a half months of Trump the sequel have created so far.

0:17.4

Now the same outlets are bashing the president for pausing those tariffs for 90 days to renegotiate

0:26.3

trade deals.

0:27.3

We are 62 days into the trade war Donald Trump launched on April 2nd.

0:32.2

And we're still waiting around for any actual deals to be signed.

0:36.7

Make up your mind. Which is it? You don't like them?

0:40.1

You do like them. The real story, it doesn't matter what Trump does. Mainstream media is trying

0:47.0

to influence you, own you, pull you left, pull you right, and recruit you into their way of

0:52.5

seeing the world. Let's look at some headlines.

0:55.0

Ten times Trump has threatened, then backtracked on tariffs as, quote, taco trade jab gains traction.

1:04.5

Trump's hated taco nickname is catching on. Trump lashes out over viral Taco Trade meme.

1:12.3

What does that even stand for?

1:14.3

Well, Taco, if you haven't heard, means Trump always chickens out.

1:21.7

Financial Times columnist Robert Armstrong coined the term Taco Trade in May.

1:26.5

It describes a stock market pattern where

1:29.6

traders profit each time Trump raises tariffs or says he's going to and then reverse his course.

1:38.5

Such as Trump announces high tariffs and then people panic, so the market drops, and media goes nuts.

1:47.0

Donald Trump is single-handedly, unilaterally, and for no reason, plunging America into economic crisis.

1:55.0

Then the market bounces back. All right. So the current situation is Trump has paused tariffs until July 9th.

...

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