Overview

• Sen. Cory Booker has called for congressional hearings to investigate potential insider trading tied to President Trump's sudden tariff reversal and prior tweet encouraging stock purchases.
• Democratic lawmakers, including 19 House Democrats, have formally requested the SEC to examine possible market manipulation surrounding the tariff decision.
• President Trump’s tweet, ‘this is a great time to buy,’ preceded a tariff rollback announcement that triggered a sharp market recovery, raising concerns of insider knowledge.
• Booker emphasized Congress's constitutional role in providing oversight, arguing that the timing of events warrants further investigation despite no concrete evidence of wrongdoing.
• The White House has dismissed the allegations as partisan attacks, with spokesperson Kush Desai defending Trump’s actions as necessary to reassure markets.