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It used to be the case that TALO (Trump Always Leashes Out) is followed by TACO, as post April 2nd. Now FAFO (F- Around & Find Out) by weak rivals or even friends still unleashes TALO. But that is followed by TACO if China or other strong powers (and markets) are involved in this game of chicken. Otherwise the reaction to TALO by hapless rivals - and even friends and allies - that try FAFO is WACO (Weak Always Chicken Out). Unfortunately we are moving from a rules-based international order to one where might makes you right and where “the strong do what they can, and the weak suffer what they must" as Thucydides warned us over 2000 years ago. Welcome back to the “law of the jungle”!