Trump’s tariff flop could be market manipulation, Senator Elizabeth Warren calls for investigation
“I call for an investigation into whether President Trump’s manipulation of the market has benefited his Wall Street donors, and all workers and small businesses have paid the price,” she wrote in an article on X.
“Did Trump help insiders cash in on his tariff flop? It certainly looks like corruption,” the senior Massachusetts senator added.
As U.S. stocks fluctuated Wednesday morning, President Trump released Truth Social At 9:37 AM: “This is a great time to buy! DJT.”
Less than four hours later, he announced that almost all tariffs had been paused for 90 days, and the move immediately soared. By the end of the deal, the S&P 500 soared 9.5%, recouping about $4 trillion in market value, which accounted for 70% of the losses in the previous four days.
Meanwhile, Warren is not alone. Critics, including former White House ethics lawyer Richard Painter, asked if Trump’s social media information violated the securities laws, according to the Associated Press. The painter said: “When people who bought a lot of money when they saw that position made a lot of money.”
Asked if he knew the tariffs were paused before his position, the Republican president expressed a vague response and claimed the decision was “that morning,” but added that he had been thinking about “the last few days.”
