Trump walking back on his tariff threats on EU countries and toning down rhetoric on Greenland has revived talks of TACO — "Trump Always Chickens Out" — trade.

At an emergency meeting in Brussels on Sunday afternoon local time, France pushed for the European Union to use the "Anti-Coercion Instrument."

At an emergency meeting in Brussels on Sunday afternoon local time, France pushed for the European Union to use the "Anti-Coercion Instrument."

Markets on Tuesday flashed the classic signs of a "sell America" trade, as investors recoiled from escalating risks tied to Washington's foreign policy.

Markets on Tuesday flashed the classic signs of a "sell America" trade, as investors recoiled from escalating risks tied to Washington's foreign policy.

The developments capped a striking day at Davos, whose theme this year was "A Spirit of Dialogue," even as discussions were dominated by frayed alliances.

The developments capped a striking day at Davos, whose theme this year was "A Spirit of Dialogue," even as discussions were dominated by frayed alliances.

Trump said he had the "concept of a deal" on Greenland, but didn't share details of the agreement — or who agreed to it.

"Donald Trump’s TACO bell has rung once again, much to the joy of financial markets," one investor said on Thursday.

Proposed countermeasures on U.S. goods are now "on hold" after President Trump ditches planned levies.

Trump walking back on his tariff threats on EU countries and toning down rhetoric on Greenland has revived talks of TACO — "Trump Always Chickens Out" — trade.

Trump walking back on his tariff threats on EU countries and toning down rhetoric on Greenland has revived talks of TACO — "Trump Always Chickens Out" — trade.