Trump’s Tariff Pause Sparks Market Rally, Triggers Insider Trading Probe Demands

The U.S. stock market experienced a significant surge today following President Trump’s announcement of a crucial pause in certain tariff plans, a move that has swiftly led to accusations of potential insider trading from Democratic lawmakers. The White House has strongly defended the President’s actions and his public comments regarding the market, dismissing the rising inquiries as ‘partisan games.’

Market indices recorded sharp gains on Wednesday, reversing a four-day streak of declines, after President Trump revealed a 90-day pause on steeper-than-baseline tariffs for numerous countries. This decision comes even as higher tariffs on Chinese imports remain in effect. Hours before his official announcement, Trump took to social media, urging followers to ‘BE COOL! Everything is going to work out well,’ and proclaiming, ‘THIS IS A GREAT TIME TO BUY!’

White House spokesman Kush Desai released a statement asserting, ‘It is the responsibility of the President of the United States to reassure the markets and Americans about their economic security in the face of nonstop media fearmongering.’ Desai also criticized Democratic lawmakers, stating, ‘Democrats railed against China’s cheating for decades, and now they’re playing partisan games instead of celebrating President Trump’s decisive action yesterday to finally corner China.’

Amidst the White House’s defense, Democratic leaders are pushing for immediate investigations. Senator Adam Schiff (D-Calif.) has sent a formal letter to White House chief of staff Susie Wiles and U.S. Trade Representative Jamieson Greer, requesting an ‘urgent inquiry into whether President Trump, his family, or other members of the administration engaged in insider trading or other illegal financial transactions, informed by advance knowledge of non-public information regarding his change to tariff policy, yesterday or at any time during this administration.’ House Minority Leader Hakeem Jeffries (D-N.Y.) echoed these concerns, telling reporters 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?’

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