Overview
- Senator Cory Booker has called for congressional hearings to investigate potential insider trading linked to President Trump's tariff reversal and social media post encouraging stock purchases.
- Trump's Truth Social post, stating 'THIS IS A GREAT TIME TO BUY,' preceded a 90-day tariff pause that triggered a significant stock market rally, raising concerns about market manipulation.
- Nineteen House Democrats have formally requested the SEC to investigate possible insider trading and market manipulation connected to the timing of Trump's tariff announcement.
- Democratic Senators, including Adam Schiff and Elizabeth Warren, have questioned whether Trump or his associates profited from advance knowledge of the tariff policy change.
- The White House has denied the allegations, stating that Trump's actions aimed to reassure investors during economic uncertainty, with no evidence of wrongdoing presented so far.