Is Trump’s tariff war all a performance? White House reveals Trump’s shocking “strategy”
U.S. Treasury Secretary Scott Bessent said President Donald Trump has always planned to withdraw his comprehensive tariff plans for dozens of countries in the announced dozens of countries.
“It has always been his strategy,” Becent told reporters at the White House.
Please read also: Why does Trump punish China with 125% tariffs while being tolerant of other countries?
“You might even say he puts China in a bad state,” Becent said, referring to China’s retaliatory tariffs, now facing higher U.S. duties while others are suspended.
Meanwhile, several U.S. senators have called for an investigation into whether Trump has done insider trading or market manipulation by encouraging people to buy stocks ahead of a dramatic reversal of global tariffs.Please read also: Trump announced a 90-day reciprocal tariff on everyone except China, raising China’s tariffs to 125%. Sen. Adam Schiff, Democrat of California, posted on X on Wednesday.
He added: “I’m writing to the White House – the public has the right to know.”
“The U.S. president is actually participating in the world’s largest market manipulation program,” a Democrat on the House Financial Services Committee wrote on X.
Please read also: Trump’s tariffs and China chaos make Apple’s new iPhone gaming plan make “iForindia”
A few minutes after Wall Street opened, Trump issued a “time to buy” and it was the allegation.
A few hours later, he announced a 90-day suspension of additional tariffs to dozens of countries, with the exception of China, triggering a historic stock market rebound.
After a few days of collapse, the Dow Jones Index ended 7.87% on Wednesday, with the biggest growth since 2008, with Nasdaq stock rising 12.16%, the most since 2001.
Trump also signed his truth social post with the letter “DJT” – his initials and stock market abbreviation for his media company Trump Media & Technology Group. The company’s shares rose 21.67% on the day.
White House communications adviser Margo Martin posted a video late Wednesday showing Trump hosting Charles Schwab, founder and co-chairman of Schwab Asset Management, in the Oval Office.
“This is Charles Schwab,” Trump said.
“He’s not only a company, he’s actually an individual! He made $2.5 billion today,” he said.
Former White House moral attorney Richard Painter also believes there is an investigation case.
The painter said: “The president is not an investment consultant.”
“This situation could put the president in charge of market manipulation,” he told NBC.
The White House said Trump just wants to “rest assured” to the public.
“In the face of constant media scare, it is the responsibility of the U.S. president to ensure the market and Americans’ economic security,” White House spokesman Kush Desai told the Post.
