Move over TACO, Wall Street has a new nickname for Trump: NACHO

NewsWorldAmericasUS politicsMove over TACO, Wall Street has a new nickname for Trump: NACHOTrump’s new nickname indicates people are not confident he will secure a deal with Iran to open the Strait of HormuzAriana Baio Wednesday 29 April 2026 22:49 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":true,"showBookmark":true,"articleId":"b2967600","articleMeta":{"url":"https://www.independent.co.uk/news/world/americas/us-politics/trump-taco-wall-street-nacho-b2967600.html","title":"Wall Street has a new nickname for Trump: NACHO"}}CloseTrump orders navy to immediately ‘shoot and kill’ all Iran’s mine boats in Strait of HormuzSign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inboxGet our free Inside Washington emailGet our free Inside Washington emailEmail*SIGN UPI would like to be emailed about offers, events and updates from The Independent. Read our Privacy notice{"className":"sc-1ge0fwe-0","newsletterData":{"regSourceNewsletter":"IND_INSIDE_WASHINGTON","regTitle":"Inside Washington","subscriptionGroup":"inside_washington","subscriptionGroupId":"af764e04-87eb-45e6-a84b-a7455ba70a1e","type":"inside_washington","pathPrefix":"/news/world/americas/us-politics","associatedAuthors":["Eric Garcia","John Bowden"],"title":"Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox","mobileTitle":"Get our free Inside Washington email","imageSrc":"https://static.independent.co.uk/static-assets/images/newsletters/insideWashington1_1.png","label":"I would like to receive morning headlines Monday - Friday plus breaking news alerts by email","newsletterKey":"receiveInsideWashingtonNews","regSourceSection":"US politics","regSourceMethod":"NSCs"},"isClimate":false}President Donald Trump’s back-and-forth w...