Donald Trump administration has been accused of insider trading.
Amid accusations of insider trading triggered by President Donald Trump’s “great time to buy” post hours before he made a dramatic U-turn on his tariffs, a video of Trump praising a reporter is doing the rounds. The reporter asked Trump a question mentioning Nancy Pelosi, the former House Speaker who is often accused of insider trading.
The viral exchange took place before Trump walked back on his tariff and stood his ground that he would not pause the. “Schumer and Pelosi—they’ve been talking about tariffs for decades. How come when these Democrat elites want tariffs, everything’s hunky-dory, but when President Trump wants tariffs, all hell breaks loose?” a reporter asked.
“I love this guy, whoever the hell that is,” Trump said adding that he appreciates the question. Schumer and Nancy Pelosi spoke about tariffs, Trump said adding that they did not have the guts to do that. “It does take guts. Even takes guts for a country to go through this. That’s why I said ‘be cool’. It’s going to work out. It’s working out maybe faster than I thought. It’s gonna take little conditioning. It’s a transition…transition to greatness…” Trump said.
The exchange took place just hours before Trump made a volte face and paused the tariffs except for China. Before that he also posted: “THIS IS A GREAT TIME TO BUY!!! DJT”.
The timing of Trump’s posts and subsequent huge share jumps has sparked accusations of market manipulation. Democratic senator Adam Schiff has called for an investigation, saying: “These constant gyrations in policy provide dangerous opportunities for insider trading. “Who in the administration knew about Trump’s latest tariff flip-flop ahead of time? Did anyone buy or sell stocks, and profit at the public’s expense? I’m writing to the White House – the public has a right to know.”
New York Democratic representative Alexandria Ocasio-Cortez called for all members of Congress to disclose any stocks they had bought in the past 24 hours. “I’ve been hearing some interesting chatter on the floor,” she wrote on X. “Disclosure deadline is May 15th. We’re about to learn a few things. It’s time to ban insider trading in Congress.”
