After the US President Donald Trump wrote on his post on social networks that “now is a great time for purchases,” and announced the suspension of additional duties for 90 days for trading partners, with the exception of China, the markets began, and accusations of insider trade arose.
Senator from the Democrats Adam Schiff in the post on the platform X noted that the duties that Trump “once introduced and then canceled” caused significant fluctuations in the market.
Schiff emphasized that constant changes in politics give dangerous opportunities for insider trading, adding: “Who knew about Trump’s decision on tariffs in advance? Was anyone who earned the purchase and sale of shares, using the information that the public did not have? I write to the White House. People have the right to know about this.”
Another Senator-Democrat of Elizabeth Warren also called for an investigation to find out whether Trump has manipulated the market in the interests of its donors with Wall Street, while all expenses were carried by workers and small enterprises. Warren added: “Trump help insiders earn on these sharp changes in tariffs? It seems that this is just corruption.”
US President Trump in his post on the Truth Social platform on April 9, wrote that “now is a great time for purchases.” On the same day, he announced that China tariffs will be increased by 125%, while additional tariffs for other trading partners are suspended for 90 days.
When Trump published his first post, instability was observed in the markets, but after the news about the suspension of tariffs for trading partners, with the exception of China, rapid growth began.