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3w ago

Calls for Hearings Intensify Over Trump's Tariff Reversal and Insider Trading Allegations

Democratic lawmakers, led by Senator Cory Booker, demand investigations into potential market manipulation following Trump's tariff pause and market-stimulating social media post.

U.S. President Donald Trump speaks with Director of the National Economic Council Kevin Hassett in the Oval Office at the White House on March 7, 2025 in Washington, DC.
U.S. President Donald Trump prepares to watch the Ultimate Fighting Championship at the Kaseya Center on April 12, 2025 in Miami, Florida.
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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.