companies like Walmart and Apple. But while Wall Street initially dipped, markets have bounced back in recent days — and traders have come up with a cheeky nickname for why.

That nickname? One that Trump clearly did not appreciate.

“Trump always chickens out”

During a live press conference at the White House on May 28,  reporter Megan Casella of CNBC, boldly asked Trump:

”They’re saying ‘Trump Always Chickens Out’ on the tariff threats and that’s why markets are higher this week. What’s your response to that?”

The acronym T.A.C.O.— “Trump Always Chickens Out” — was coined by Financial Times journalist Robert Armstrong in a May 2 column. It pokes fun at Trump’s recurring habit of making aggressive tariff threats, only to later postpone or soften them.

One example is the president