U.S. President Donald Trump speaks during an event to announce new tariffs in the Rose Garden at the White on April 2 in Washington, D.C. Photo by Mark Schiefelbein/AP

A new acronym has investors optimistic about the state of the markets, but U.S. President Donald Trump is hardly a fan.

The term “TACO trade,” which began circulating in financial circles recently, was largely meant as a gag by its creator, and refers to the flip-flopping the president has become synonymous with when it comes to international trade .

But what does it mean and why does Trump hate it so much?

What is the ‘TACO trade’?

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