Wall Street analysts are cautioning that a tax targeting foreign investors in the U.S. budget bill progressing through Congress could end up weighing on demand for U.S. Treasuries and the dollar.

Tariffs were a defining promise of President Donald Trump's campaign, and they have been a defining feature of his second term in office. But just over five months in, many of his tariff proclamations haven’t turned into reality.

Investors are beginning to realize that Trump never follows through on his tariff threats, inspiring the TACO trade: 'Trump always chickens out'

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.

Wall Street and financial markets around the world jumped after a U.S. court ruled that President Donald Trump is not authorized to impose sweeping tariffs on imports under an emergency-powers law.

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,

It’s called “TACO,” which is code for “Trump Always Chickens Out,” and it refers to the president’s tendency to announce massive tariffs, causing the markets to plunge, only to back off days later, causing them to rise again. Most credit Financial Times commentator Robert Armstrong for coining the term.

The S&P 500 was up 1.6 percent in its first trading since President Trump said that the United States will delay a 50 percent tariff on goods coming from the European Union until July 9 from June 1.

It's been a dream start for the New York University professor, who often gets flak for his regular pessimism. "Sometimes people say, 'You talk about stuff, but talk is cheap,'" Roubini told BI. "'Put your money where your mouth is.

Trump and his advisers fancy themselves” as one thing, but on Russia, they are something totally different, warned the newspaper’s conservative editorial board.