During a recent press event, the atmosphere turned tense as President Donald Trump confronted a reporter. The topic of contention? A new Wall Street nickname — “T.A.C.O.” — aiming to tease the President’s handling of trade negotiations.

Megan Casella from CNBC brought up this term, which stands for “Trump Always Chickens Out.” It was invented by a Financial Times columnist and highlights a perceived trend in the President’s approach: making bold tariff threats that often wind up scaled back or postponed.

There are notable instances that have fueled this nickname. For example, Trump’s decision to delay a substantial 50% tariff on European Union goods or even to halt a massive 145% tariff on imports from China has drawn attention.

When initially addressed with the nickname, President Trump appeared momentarily puzzled. Describing the question as “nasty,” he quickly defended his negotiating strategies, insisting on their effectiveness.

“Don’t ever say what you said,” President Trump retorted, displaying his dissatisfaction with the implication of the nickname.

This incident comes shortly after another instance where President Trump shared a brusque exchange with a journalist, advising them to “get yourself a real job.”

Being in his second presidential term, President Trump’s interactions with the press continue to captivate, often marked by a contentious and spirited tone, particularly when his policies are scrutinized.