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Democrats question whether Trump and his allies engaged in insider trading on tariffs​

By Kate Santaliz, Rob Wile and Rebecca Shabad

WASHINGTON — Congressional Democrats are questioning whether President Donald Trump and his allies may have improperly acted on his suggestion Wednesday that it was a “great time to buy” stocks shortly before announcing he was cutting back on some of his new tariffs — a move that made the markets go up.

House Minority Leader Hakeem Jeffries, D-N.Y., said Thursday that Democrats "need to get to the bottom of the possible stock manipulation that is unfolding before the American people, including what if any advanced knowledge did members of the House Republican Conference have of Trump’s decision to pause the reckless tariffs that he put into place?"

"There are several members of Congress who will be aggressively demanding answers and transparency, particularly as it relates to the stock purchase decisions that may have occurred over the last few days," Jeffries told reporters when asked if he believes lawmakers may have done something illegal or violated ethics laws.

Soon after the stock market opened at 9:30 a.m. ET Wednesday, Trump wrote on Truth Social, "THIS IS A GREAT TIME TO BUY!!! DJT" A few hours later, around 1:30 p.m., he announced that he was lowering the tariff amount on most countries, except China, to a baseline of 10%. ...

READ THE FULL STORY - AP

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