The phrase "Let's go taco" is connected to the acronym TACO, which stands for "Trump Always Chickens Out." This term originated on Wall Street in 2025 as a sarcastic shorthand to describe former President Donald Trump's pattern of announcing tariffs or tough trade policies and then backing down or delaying them when faced with market or political pressure. Essentially, it implies a tendency to retreat from initially aggressive stances, turning the word "taco" into a political meme and cultural signal beyond its original meaning as a food item. So, "Let's go taco" is likely a rallying or ironic phrase referencing this acronym and the associated political context, rather than having a straightforward or traditional meaning related to tacos or food. It reflects the cultural and political commentary around Trump's trade policy behavior, especially in discussions and memes circulating in mid-2025.