The rulings against the levies in two federal courts – the U.S. Court of International Trade and the U.S. District Court in Washington, D.C. -- centered on Trump's unprecedented invocation of the International Economic Emergency Powers Act as a legal justification for tariffs.

President Donald Trump returned to the White House in January determined to overturn decades of American policy and build a tariff wall around a U.S. economy that used to be pretty much wide open to foreign products.

President Trump bristled when asked by a reporter Wednesday whether markets have been calm in the face of his tariff spree because they believe he “always chickens out” on tariff threats, blasting the question as “nasty.

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.

In recent weeks, a new term has emerged in financial circles: the 'TACO trade'. Standing for 'Trump Always Chickens Out, ' this phrase encapsulates US President Donald Trump's pattern of announcing aggressive tariff policies,

Robert Armstrong, US Financial Commentator for the Financial Times and Charlotte Howard, Executive Editor for The Economist join Nicolle Wallace on Deadline White House with reaction to the federal trade court’s ruling on some of Trump’s tariffs,

US President Donald Trump has pushed back after a reporter questioned him about "TACO," an acronym used by Wall Street traders standing for "Trump Always Chickens Out." The term describes the president's pattern of threatening to impose tariffs on countries before backing down at the last moment or reducing the tariff rates.