Such is the case with the great new Wall Street lingo that has burst forth well beyond the confines of the finance industry to enter the mainstream zeitgeist. Yes, I’m talking about the TACO trade. Robert Armstrong,

Robert Armstrong Oh yes, and that’s been, that’s your legacy. That is the first paragraph of Katie Martin’s obituary is “Katie Martin, founder of the imaginary hedge fund vomiting, vomiting camel capital management died today at age 96 “.

"TACO trade," which stands for "Trump always chickens out," was coined by Financial Times columnist Robert Armstrong but has since spread across Wall Street and the internet.

A Financial Times columnist has coined the term "TACO trade," saying Trump always chickens out of his tariff orders.

The tariff uncertainty refuses to die down, and President Donald Trump has signaled an escalation by recently raisingtariffs on steel and aluminum imports from 25% to 50%. The European Union has already threatened countermeasures against Trump’s steel tariffs.

President Donald Trump erupts over TACO trade question. Here's what the TACO nickname means and what is a Trump Collar.