Allegation of the Democrats
Did Trump manipulate the markets at his customs swivel?
The US tariffs let the stock exchanges tumble-then Trump’s U-turn follows. The courses rise rapidly. But who knew about it? And why did Trump called up to buy the share shortly before?
This article was first published by ntv.de
The tariffs imposed by US President Donald Trump have triggered shock waves on the stock exchanges worldwide. The courses fell rapidly, so many people were very unsettled.
Then the swivel: Trump announced on Wednesday to suspend the additional tariffs for all countries for 90 days. The Wall Street, which was still acting at the time, thanked him with clear course jumps.
But a post that Trump published on his Truth Social platform shortly before the official announcement of his course swivel brought him the accusation of manipulating the markets.
“This is a great time to buy !!!” (Now is a great time to buy), he wrote and apparently meant the purchase of securities. Shortly before he tried with one “Be cool” (Remains cool) to calm the uncertainty triggered by the course fluctuations.
How much knew – or planned – Donald Trump?
So Trump asked his supporters to invest, knowing that shortly afterwards the courses would increase again? Several Democrats fuel this thesis.
Trumps back and forth in the tariffs and the market fluctuations delivered “Dangerous options for insider trading”The Senator Adam Schiff at X. “Who in the government knew in advance about Trump’s recent course change in the tariffs? Has anyone bought or sold shares and benefited at the public’s expense?”The Democrat wondered – and also wants to ask the White House.
“How can this be not market manipulation?”the Democratic MP Mike Levin wonders. “If you are a Trump pendant and have done what he said and bought, then you acted well”he said. “However, if you are a pensioner or an older person or someone from the middle class who has had no risk tolerance in the past few days and has decided for sale, then they were fooled.”
He all members of the congress, immediately disclosed all stock market transactions made in the past week.
Donald Trump himself benefited himself. The papers of the media company Trump Media & Technology, which he has founded, for example, ended the Truth Social platform, ended the day with an increase of 21.67 percent. The company’s stock market is DJT – with these initials, Trump also signed his post in which he asked for purchase.
Does the stock market supervision come into play?
It also went up for Tesla, the car manufacturer of his close consultant Elon Musk: the course rose by 22.7 percent. Musk had previously spoken out against the tariffs. Minister of Commerce Howard Lutnick had only recommended buying Tesla shares a few days ago-because they would never be cheaper again.
The White House rejected the allegations of market manipulation. Trump wanted to calm the Americans, the president’s post was justified.
“It is the responsibility of the President of the United States to calm the markets and the Americans with regard to their economic security, while the media stir up non -continuously”quotes the spokeswoman Kush Desai.
“Instead of reaching for straws to play party -political games, the Democrats should concentrate on working with the government in order to restore the American size.”
Kathleen Clark, professor of government ethics and corruption at the Washington University School of Law in St. Louis, said the “New York Times”that Trump’s actions “usually trigger an investigation by the securities and stock exchange supervisory authority”.
Investigators would look for proven that Trump knew that he would make an announcement that would move the market and then gave his followers a hint, said Clark. “If we still had a rule of law, a robust system of the rule of law, this would be examined.”
The American stock market supervision SEC has not yet commented on the allegations. Like other authorities, it currently suffers massively from the cuts of the Trump government. In March, hundreds of employees are said to have accepted the government’s severance payments.
With reference to insiders, Reuters reported an exodus of employees of important departments. Among them are investigators that could affect monitoring the markets and the protection of investors.
mli / n-tv.de / ari
Source: Stern
