Trump’s tendency to back off of his most extreme threats recently inspired a Financial Times writer to coin the phrase “ TACO trade ,” for “Trump Always Chickens Out.” But regardless of his reversals,

Donald Trump’s inconsistent tariff policies have drawn criticism and mockery from Wall Street, with financial experts coining the term “TACO Trade” to describe his tendency to threaten tariffs and then back down.

The U.S. stock market has rallied in recent weeks, recovering from a slump in April sparked by Trump's "Liberation Day" tariffs. At 11:24 a.m. ET, the Dow Jones Industrial Average rose 165.55 points, or 0.39%, to 43,032.42, the S&P 500 gained 16.18 points, or 0.27%, to 6,054.99 and the Nasdaq Composite gained 68.54 points, or 0.35%, to 19,783.53.