The acronym stands for "Trump always chickens out" a jab at the president's propensity to impose or threaten steep tariffs and later back off.

A federal appeals court offered President Donald Trump a temporary reprieve from a ruling threatening to throw out the bulk of his sweeping tariff agenda, giving at least some hope to a White House now facing substantial new restrictions on its effort to rewrite the global trading order.

The Trump administration is appealing a decision from the U.S. Court of International Trade that President Donald Trump exceeded his authority in imposing the tariffs on U.S. trading partners. A federal appeals court is allowing Trump’s tariffs to stay in place,

President Trump claims tariffs will make the U.S. rich. A coalition of states and small businesses argued the opposite in court and dealt a blow to his trade war.

Senior Trump administration officials on Thursday downplayed the impact of a U.S. trade court ruling that blocked the most sweeping of President Donald Trump's tariffs, expressing confidence it would be overturned on appeal and insisting there are other legal avenues to employ in the interim.