What does tao te ching mean in English?

Could you please elaborate on the significance and translation of the phrase "tao te ching" into English? As an individual with a keen interest in cultural and philosophical nuances, I'm curious to understand how this ancient Chinese text, often associated with Daoism, is interpreted and comprehended in the English language, preserving its essence and depth. How do scholars and translators capture the profound wisdom embedded within its verses?