11-04-25, 18:23
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#224
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Crime Syndicate: Trump Accused of Insider Trading From HUGE $ TARIF PROFIT
Trump Accused of Insider Trading From High $$ TARIF PROFIT
Stocks FELL Then SOARED From His Actions on TARIFS
AP 11 APR 2025
Democrat leaders are demanding an investigation into whether Donald Trump engaged in insider trading in the hours before he announced a reversal of his tariff policy.
On Wednesday afternoon, he paused his reciprocal tariffs for the next 90 days on all countries except China.
The S&P 500, which groups the largest companies in the United States, soared by more than 9 per cent following the news.
THIS IS A GREAT TIME TO BUY, Trump wrote on Truth Social at 9:37am in the morning.
There was a spike in Nasdaq call volume, where traders buy the right to purchase a share at a certain price before a certain date, in the hour before the president announced his about-turn.
Outraged Democrats suggested the president had tipped off his billionaire allies before showing his hand, and driving the S&P 500 to its biggest rise since 2008.
Donald Trump later bragged that one of his friends made billions from the stock market surge.
In a video posted on X, Trump said that Charles Schwab, the founder of a multinational financial services firm, and one of his BIGGEST donators, had made $2.5 BIL from the sudden surge in the stock market.
Thats not bad is it, Trump said
Call For Insider Trading Investigation
Elizabeth Warren, the former presidential candidate and Massachusetts senator, added: Right before Donald Trump declared that some of his tariffs were off again, he sent out a message to his billionaire buddies.
Was that market manipulation? Was that corruption in plain sight? We need an independent investigation.
She urged Congress to pass her bipartisan resolution that would end Trumps ability to impose tariffs at will. The president has declared trade imbalances a national emergency, thus securing the power to respond without congressional approval.
Trumps trade war with China escalated, with Americas effective tariff rate against the nation now standing at a record 125%.
Xi Jinping responded by taking Chinas tariffs on American imports to 84%, with Professor Tsang arguing that this global game of chicken will harm the US more in the long run.
On a human level, both sides will pay a huge economic price for this
'THE DON'
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