President Donald Trump announced a ceasefire "deal" with Iran with just hours to go before his threatened deadline to wipe the country off the map, essentially proclaiming a set of conditions proposed by Pakistan that Iran had already largely rejected, in exchange for two weeks of paused hostilities to allow shipping traffic to move through the Strait of Hormuz.

It is unclear whether the ceasefire will have any actual effect on the Iranian side, but the upshot appears to be that Trump will not launch his carpet-bombing campaign at least for the time being. And this prompted an immediate reaction on social media.

Many people immediately went live with "TACO" memes — an acronym for "Trump Always Chickens Out."

"The best TACO Tuesday yet," wrote Kevin Rothrock, the managing editor of Russia watchdog site Meduza.io.

"Imagine if we still had diplomats. We'd have so many more options, including DIPLOMACY," wrote Noel Dickover of George Mason University, posting a GIF of a dancing taco.

"So Iran would have to agree to a complete reopening of the Straight, and elimination of their biggest source of global leverage, in exchange for a two-week ceasefire with an untrustworthy enemy?" wrote Toronto Star columnist Bruce Arthur.

"Two weeks, of course, just like tariffs," wrote University of Wisconsin political science professor Mark Copelovich.

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