India, May 29 -- President Donald Trump was asked about a new Wall Street acronym, TACO, at a press conference on Wednesday. The 78-year-old, visibly agitated, lashed out at the reporter, saying the question is 'nasty'. TACO was dubbed by a Financial Times columnist as the TACO trade. It is an acronym that stands for 'Trump Always Chickens Out'. The term refers to the president's tendency to reverse his tariff threats.

"I've never heard that. You mean because I reduced China from 145 percent that I set down to 100, and then down to another number, and I said you have to open up your whole country? And because I gave the European Union a 50 percent tariff and they called up and said, 'Please let's meet right now.' You call that chickening...