Washington:
Many American senators have called for an investigation into whether President Donald Trump is engaged in insider trading or market manipulation by encouraging people to buy stock just before their dramatic inverted on the global tariff.
“Who knew about Trump’s latest tariff flip flip before time in administration? Did anyone bought or sold stock, and benefits at public expense?” California Democratic Senator Adam Shif posted on X on Wednesday. “I am writing to the White House – the public has the right to know,” he said.
Democratic members of the House Financial Services Committee wrote on X that “United States President is really engaged in the world’s largest market manipulation scheme.”
A few minutes after the opening of Wall Street, Trump has “time to buy” the allegations posted.
A few hours later, with the exception of China, he announced a 90-day suspension of additional tariffs against dozens of countries, triggering the rebound of a historic stock market.
After several days of collapse, the Dow Jones Index on Wednesday 7.87 percent, its biggest advantage since 2008, and NASDAQ up to 12.16 percent since 2001.
Trump also signed his post on Truth Social with “DJT” – both his initial and stock market abortion for his media company, Trump Media and Technology Group. The company’s shares shut down up to 21.67 percent day.
White House Communications Advisor Margo Martin posted a video on X late on Wednesday night, showing Trump, the founder and co-chairman of the Schwab Asset Management at the Oval Office.
“This is Charles Schwab,” Trump said, the 87 -year -old billionaire was introduced to the champion car racers.
“He is not just a company, he is really a person! And he made 2.5 billion (dollars) today,” he said.
Richard Painter, a lawyer for former White House morality, also felt that there was a case for investigation.
“President is not an investment advisor,” the painter said, who served under the administration of former President George W. Bush.
“This landscape may highlight the President’s allegations of manipulation in the market,” he told NBC.
The White House said that Trump only wanted to “assure” the public.
White House spokesman Kush Desai told The Washington Post, “It is the responsibility of the President of the United States to assure markets and Americans about their economic security in front of the media constantly intimidating.”
(Except for the headline, the story has not been edited by NDTV employees and is published by a syndicated feed.)