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

There was a reason for President Donald Trump’s particularly caustic response when a reporter asked him Wednesday about a new term coined about the president’s tariffs: TACO, or Trump Always Chickens Out.

Investors may not be fans of stock market volatility, but that doesn't bother President Trump. His back-and-forth trade and tariff war updates have sent stocks on a roller coaster ride since he announced tariffs on Canada,

The acronym TACO, meaning "Trump always ... The Trump administration has issued tariffs on imports from top trade partners like Mexico, Canada and China that have subsequently been walked back.

President Donald Trump lashed out at a reporter after being asked about the TACO (Trump Always Chickens Out) trades and his waffling tariff policy.

The DNC rolled out a taco truck outside RNC headquarters to troll President Donald Trump on tariffs, using the Wall Street term "TACO" – "Trump Always Chickens Out" – to spotlight how he's backed off from tariffs.

The trade dispute peaked last month when Trump announced the U.S. would impose 145% tariffs on China, which retaliated with its own 125% tariff on U.S. goods. Officials from both countries later struck a 90-day deal last month to slash the tariffs and to pause them, but both sides have since accused the other of violating the agreement.

Ongoing US-China trade tensions and volatile policy shifts have left investors caught between betting on tariff deescalations and bracing for increased uncertainty.

"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, mocking the president's back-and-forth on tariff policies.