Donald Trump made a statement on his social media platform Truth Social encouraging people to buy shortly before announcing a pause on tariffs. After this, suspicions arose about insider trading and benefiting from the stock market surge resulting from the tariff announcement. Richard Painter, a former ethics expert from the White House, proposed that Trump's associates should refrain from trading stocks during the ongoing trade war. He criticized Trump for being too vocal about stock market activities on social media. Painter emphasized separating discussions about the market and executive orders to prevent aides from trading. While there is no concrete evidence of any wrongdoing, concerns about insider trading are escalating, especially given the unusual spike in trading volumes before Trump's tariff decision. There are calls for an investigation into potential insider trading, with concerns raised over possible gains at the expense of others. The market experienced unprecedented fluctuations due to the uncertainty caused by Trump's tariffs, leaving traders astonished. Peter Hargreaves, the billionaire co-founder of Hargreaves Lansdown, described the recent market situation as unparalleled compared to past experiences.
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