Buoyant markets may reflect hopes that Trump will always chicken out of imposing harsh tariffs. Yet the US president is now citing largely calm stocks as cause for fresh charges, such as a 35% Canada levy.

Trump always chickens out -- is widely understood to mean President Donald Trump employs brinksmanship before eventually settling on a more reasonable policy. Volkmar Baur, a currency analyst for Commerzbank,

US stocks hit records, and Nvidia closed above a $4 trillion market cap for the first time. Investors looked past tariffs and toward earnings season.

If investors widely bet that Trump will blink, that means there is no market freakout. And no market freakout in turn means no one is holding Trump’s feet to the fire, pressuring him to back away from policies that could damage the economy and corporate profits.

President Donald Trump didn't like his new nickname 'TACO'. Here's why people are calling Trump TACO and the meaning behind TACO trade.

In his new round of tariffs being announced this week, Trump is essentially tethering the entire world economy to his instinctual belief that import taxes will deliver factory jobs and stronger growth in the U.S., rather than the inflation and slowdown predicted by many economists.

Trump now says Aug. 1 is the hard deadline for the new tariff rates to be paid, downplaying hopes of further delays.

President Donald Trump's affinity for tariffs had already earned him the nickname "TACO," which stands for "Trump Always Chickens Out." Now, it appears Trump's tariffs have earned him a different, albeit smaller,