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 acronym, TACO, stands for “Trump Always Chickens Out” and was reportedly coined by a Financial Times columnist, according to The New York Times.

They are calling them “TACO” trades, an acronym for “Trump Always Chickens Out.” The president was incensed on Wednesday afternoon when a reporter asked him about the new Wall Street strategy — and acronym — insisting that he was getting significant concessions from other countries with his dealmaking.