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Trump in the crosshairs for suspected insider trading after tariffs stop
Democrats call for Sec investigation: ‘Family members and allies may have profited from market crash following announcement’
President Donald Trump’s backtrack on tariffs, accompanied by an optimistic message on financial markets, has raised alarm among Democratic senators. In a letter to the SEC, Senator Elizabeth Warren and other party colleagues are calling for an investigation into possible insider trading at the top of the administration.
The move that rocked the markets
The suspicion arises from the sequence of events: first the announcement of the duties, which caused a sharp fall in the stock markets, then the subsequent announcement of their postponement, which triggered a partial recovery. In between, a post on Truth Social in which Trump invited people to ‘buy now’, precisely in the most turbulent days. The Democrats ask whether people close to the White House, including possible family members of the president, were informed in advance about the postponement of the protectionist measures.
Letter to Sec: ‘Who made money on the chaos?’
‘It is unclear who knew about the postponement of the tariffs,’ the letter reads, ’but it is possible that administration officials and those affiliated with the president acted in advance, exploiting the fluctuating markets to their own advantage. The senators call the duties ‘irrational and irresponsible’, and accuse Trump of deliberately provoking a crash and then allowing some to profit from it.
Also under scrutiny is Marjorie Taylor Greene
The controversy is also spreading to Congress. Democrats have already raised doubts about the financial movements of Republican Congresswoman Marjorie Taylor Greene, who in the days of the collapse allegedly bought technology stocks – including Apple’s – then went up after Trump’s statements. Congressman Gregorio Casar has called for a broader investigation: ‘We need to understand whether lobbyists and big K Street companies also had early access to presidential decisions’.
The case could become a new front of political confrontation, with repercussions on the ethical and legal debate around the transparency of the Trump presidency and the relationship between political power and financial markets.
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(Photo: © AndKronos)
