Donald Trump faces accusations of market manipulation after having published on social networks that it was a “good time to buy” a few hours before turning around in his trade war which led to large increases in stock markets around the world.
Shortly after the opening of the American markets on Wednesday morning, Trump wrote on his social media platform Truth Social: “It’s time to buy !!! DJT ”.
Less than four hours later, he shocked investors by announcing a 90 -day break on additional commercial prices on most countries, with the exception of China, by sending action indices.
In America, the S&P 500 Blue Chip index increased by more than 9%, while the NASDAQ index focused on technology closed more than 12%. The shares continued to increase in Asia and Europe on Thursday, with the Nikkei 225 Japanese index up 9%, and the FTSE 100 index in London increasing up to 4% at the start of negotiations.
Trump generally does not sign his post with his initials. These letters are the same as the Trump Media & Technology Group, the company which controls Truth Social, whose stock increased by 22% on Wednesday.
The US president’s postal calendar and jumps from enormous subsequent actions have triggered accusations of market manipulation. Democratic Senator Adam Schiff called for an investigation, saying: “These constantly in politics gypsing offers dangerous opportunities for the initiate’s offense.
“Who in the administration was aware of Trump’s last prices in advance in advance? Did anyone buy or sold actions and took advantage of the public costs? I write to the White House-the public has the right to know.”
Democratic Senator Chris Murphy also wrote that an “initiate scandal is preparing … Tweet at 9:30 a.m. from Trump clearly shows that he was impatient for his people to earn money on the private information that only he knew. So who knew in advance and how much money have they earned? ”
The Democratic Representative of New York Alexandria Ocasio-Cortez called for all members of the Congress to disclose the shares they had bought in the past 24 hours. “I heard interesting chatter on the ground,” she wrote on X. “The deadline for disclosure is May 15. We are about to learn a few things. It is time to ban the initiate trade in the congress. ”
Wednesday evening, when asked by the journalists, when he came exactly to his decision to suspend the prices on most countries for 90 days, Trump said: “For a period. I would say this morning. In the past few days, I thought about it.”
However, the managers of the White House argued that the quarter of work was part of the strategy, with its press secretary, Karoline Leavitt, arguing that it was his “art of agreement” at work.
Several investors have used the volatility of the stock market in recent weeks as a purchase opportunity. The American representative of Georgia, Republican and Trump Ally Marjorie Taylor Greene, revealed that she had made several purchases on April 3 and 4 – days when there were net falls after Trump detailed her “liberation day” prices on April 2 – including shares on Amazon.com and Apple. The actions of technological companies increased by 12% and 15% respectively on Wednesday.
While Trump has interrupted many specific prices in the country, he has maintained pressure on China, the second largest economy in the world. It increased the price on Chinese imports to 125% compared to the 104% level which started on Wednesday. Beijing could react again after hitting American imports with 84% prices that started on Thursday.
