Trump’s tendency to back off of his most extreme threats recently inspired a Financial Times writer to coin the phrase “ TACO trade ,” for “Trump Always Chickens Out.” But regardless of his reversals,

Donald Trump’s inconsistent tariff policies have drawn criticism and mockery from Wall Street, with financial experts coining the term “TACO Trade” to describe his tendency to threaten tariffs and then back down.

Wall Street has a new shorthand about President Donald Trump — and he’s not happy about it. Traders have reportedly come up with the acronym TACO, which stands for “Trump always chickens out,” to describe the tumultuous trade environment created by the president’s habit of threatening to impose tariffs on countries,