The acronym stands for "Trump always chickens out" a jab at the president's propensity to impose or threaten steep tariffs and later back off.

The nickname is “TACO trade,” and no, it’s not about Tuesday dinners or tortilla deals. It stands for “Trump Always Chickens Out,” a cheeky acronym traders have cooked up to describe the president’s habit of threatening sky-high tariffs, only to fold faster than a soft-shell taco under pressure.

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And Wall Street investors ... and are buying stocks accordingly, knowing that Trump’s backtracking will inevitably cause a stock market rebound. They are calling them “TACO” trades, an ...

President Donald Trump pushed back on Wednesday on the characterization of his tariff policy as “chickening out” after he announced and then paused tariffs on other countries multiple times. Trump objected to the description when asked by a reporter, saying it was part of his wider strategy.