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,

Wall Street loves a catchy acronym, and the “TACO trade” has captured the mood as investors and analysts attempt to make sense of the roller-coaster market action that has followed President Donald Trump’s sweeping tariff threats and subsequent walk-backs.

The TACO trade, short for Trump Always Chickens Out, is a tongue-in-cheek term coined by Financial Times columnist Robert Armstrong. It has been adopted by some analysts and commentators to describe the potentially lucrative pattern in which markets tumble after Trump makes tariff threats,

President Trump rejected claims that he is backing down on tariffs in Oval Office comments Wednesday, when asked about a new saying from Wall Street analysts that “Trump always chickens out," or TACO for shorthand,

The term TACO, which means Trump Always Chickens Out, was coined by Financial Times columnist Robert Armstrong.