Why the TACO Trade Matters — ft. Robert Armstrong

Scott and Ed discuss Trump’s move to double tariffs on steel and aluminum, the administration’s decision to enlist Palantir to streamline federal data sharing, and Meta’s plan to launch AI-powered ad creation tools. Then, Robert Armstrong, U.S. financial commentator for the Financial Times, returns to the show to share how he coined the term “TACO trade,” what he makes of its viral moment, and the potential ripple effects it could have. He also highlights an overlooked element of the “big beautiful bill” and discusses whether we can grow our way out of the deficit.

Take a survey to let us know what you think about the show

Subscribe to the Prof G Markets newsletter 

Order "The Algebra of Wealth" out now

Subscribe to No Mercy / No Malice

Follow Scott on Instagram
Follow Ed on Instagram and X

Learn more about your ad choices. Visit podcastchoices.com/adchoices