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Tai Chi Chuan could be translated as The "Supreme Ultimate Fist", in english.  

T'ai chi ch'uan or tàijíquán, often shortened to t'ai chi, taiji or tai chi in English, is an internal Chinese martial art practiced for both its defense training and its health benefits. The Art focuses upon breathing, meditation,  internal energies & organs, as a result, a multitude of training forms exist, both traditional and modern, which correspond to those aims. Some of t'ai chi ch'uan's training forms are especially known for being practiced with relatively slow movement. Today, t'ai chi ch'uan has spread worldwide. Most modern styles of t'ai chi ch'uan trace their development to at least one of the five traditional schools: Chen, Yang, Wu (Hao), Wu, and Sun.

http://en.wikipedia.org/wiki/T'ai_chi_ch'uan

Some recomended literature 

I'Ching 

The Art of War - By: Sun Tze

Tao Te Ching - The way and virtue classic are the original Taoist writings by Lao Tze or The Wise Old Man. Almost as old as the I Ching and almost as influential. In a series of eighty poems, we are told how to balance Yin and Yang as illustrated in the Tai Chi diagram (the yin yang (two fishes) symbol).