Potential Market Manipulation, Insider Trading Related to Tariff Pause Must Be Investigated

WASHINGTON, D.C. — Senate Minority Leader Schumer (D-NY), Sen. Warren (D-MA), Sen. Wyden (D-OR), and Sen. Schiff (D-CA) sent a letter to the National Association of Attorneys General calling for an investigation into whether President Trump, his family, members of his administration, or members of Congress engaged in insider trading, market manipulation, or other illegal actions in order to profit from the recent tariff pause announcement.

The letter references Trump’s Truth Social post from the morning of the tariff pause announcement, telling his followers “THIS IS A GREAT TIME TO BUY!!!”

Lisa Gilbert, co-president of Public Citizen and co-chair of the Not Above the Law Coalition, seconded the need for further investigation:

“Over the past week, people throughout the country nervously watched their retirement accounts and savings dwindle in response to Trump’s disastrous and nonsensical tariff policy. Meanwhile, it appears that Trump saw an opportunity to use the dramatic fluctuations in the stock market — caused by him — for his own financial benefit.

“Nothing more perfectly encapsulates the grift of the Trump administration than its members and allies using their own policy announcements as an opportunity to make themselves and their billionaire friends even richer.

“Attorneys general across all 50 states must immediately investigate Trump’s actions and the actions of other administration officials, family members, and members of Congress and take appropriate action based on their findings. No one is above the law.”