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CBC: Why Trump can't afford to brush off the Iran war's economic impact

Category:Cross-Border
Updated:2026-03-10
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Karl Schamotta, chief market strategist at Corpay Cross-Border Solutions, a global financial services firm, says while it's conceivable that the war could push the price of oil to record highs, he doesn't believe Trump will let things go that far before declaring victory. "I think that we are going to see a TACO moment here at some point — a 'Trump Always Chickens Out' moment in which we have Mr. Trump saying that he's accomplished his mission and is taking all of his toys and going home," Schamotta told CBC News Network on Monday.”

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