The term “TACO,” short for Trump Always Chickens Out, has been used to describe how markets tumble on the president’s tariff threats, then rebound when he gives way.

Nvidia reclaimed its post as the world’s most valuable company after the AI chip king delivered a “great” earnings report despite a “hurdle” from export restrictions to China.

China reiterated its call for the U.S. to abolish its tariffs after a panel of federal judges ruled that President Donald Trump did not have the authority to introduce them under the emergency powers he had used.

Wall Street and financial markets around the world jumped after a U.S. court ruled that President Donald Trump is not authorized to impose sweeping tariffs on imports under an emergency-powers law.

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 comments follow a ruling from judges on the Court of International Trade who said that Trump exceeded his authority on tariffs.

Share prices for Big Tech’s Magnificent Seven and major chipmakers rose on Thursday after a wave of welcome news for investors.

Tariffs were ordered to be halted: The three-judge panel of the United States Court of International Trade unanimously found that the International Emergency Economic Powers Act of 1977, which President Trump invoked to unilaterally enact duties on foreign goods, "does not authorize" the tariffs.

Investors are weighing a court decision that blocked some Trump tariffs, Nvidia's earnings report, and Musk's renewed focus on Tesla.