Adam Schiff demands insider trading probe over Trump tariff pause
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Apr 10, 2025
Sen. Adam Schiff opened an investigation into whether President Donald Trump's tariff pause was actually a major insider trading move.
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Did President Trump just pull off the biggest insider trading move in history
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That's what California Senator Adam Schiff wants to find out. He's launching an investigation into Trump's recent tariff announcements
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and whether he or anyone around him profited from market manipulation. Here's what happened
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Just minutes after the markets opened on Wednesday, April 9th, and with stocks still reeling from losses related to Trump's sweeping tariffs
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Trump posted a message on Truth Social. This is a great time to buy
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He also posted the letters DJT, referring to his initials and the ticker symbol for his company, Trump Media
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Less than four hours later, he announces a 90-day pause on additional tariffs, excluding China
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The markets rip higher. Trump Media jumps more than 22 percent, and the Trump trust gains $415 million
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Schiff claims the president is manipulating markets, and he's not alone. You may have seen early in the day Trump tweet this
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Now this is a good time to buy. So the question is, between that tweet and Donald Trump's announcement that he was reducing the tariffs on most other nations apart from China
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the question is, who knew what the president was going to do? And did people around the president trade stock knowing the incredible gyration the market was about to go through
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Senator Chris Murphy, Congresswoman Alexandra Ocasio-Cortez also sounding the alarm. And even some business reporters are raising red flags about the timing of the announcements
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Given what the government been doing and this administration been doing it would not shock me and I hate to speculate if we were to find out that a whole bunch of people who work in Washington as our elected leaders one way or the other ultimately sold stocks last week
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or potentially worse than that, shorted the market. One of those raising eyebrows is Georgia Congresswoman Marjorie Taylor Greene
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Between mid to late March, before Trump's tariff bombshell, Representative Marjorie Taylor Greene buys up to $750,000 in U.S. Treasury bond
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a safe haven when expecting a market drop. Then on April 2nd, Trump declares Liberation Day and
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unveils sweeping new tariffs. Markets tank. Green tweets her support, calling it a short-term
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correction that will pay dividends for American workers. But just days later on April 3rd and
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4th, while markets are still deep in the red, Green buys hundreds of thousands of new stock
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purchases, including Apple and Amazon. Then on April 9th, Trump reversed course, pausing tariffs
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for 90 days in most countries except China, sending markets soaring, including those green
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picks. Apple jumps 12 percent, Amazon 15 percent. Green denied any wrongdoing, saying her purchases
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were routine investment made during a market downturn and not based on any privileged information
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Meanwhile, Schiff says this is just one piece of a broader pattern of questionable financial
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moves by the president, pointing to Trump's meme coin that has reportedly netted its backers nearly
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$100 million. To help his investigation, he's calling for whistleblowers to come forward
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though he admits Republicans in Congress and the White House are unlikely to cooperate
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But if there's a trail to follow, Schiff says he'll get to the bottom of it. For Straight Arrow News, I'm Kaylee Carey
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