Well, it looks like Trump’s playing with the stock market like a light switch has benefited at least one Congress member, who might not be the sharpest pointy klan hat in the bunch, but she sure knows how to buy low and sell high.
According to Business Insider, Rep. Marjorie Taylor Greene (R-Ga.) took advantage of President Trump’s 90-day fake tariff announcement. Even though she reportedly doesn’t control her stock trades, whoever was handling her stocks seemed to know what to buy and sell just hours before Trump announced that now was a “great time to buy.”
From Business Insider:
Greene has said that she doesn’t control her trades, telling Business Insider in a statement on Friday that she signed a “fiduciary agreement to allow my financial advisor to control my investments.”
“All of my investments are reported with full transparency,” Greene added.
The congresswoman’s office did not respond to a follow-up question on Monday about whether she had advanced knowledge of Trump’s tariff pause. In the wake of the market rebound, Democrats have suggested that Trump and his allies may have benefited from market manipulation.
There is no evidence to suggest this took place, but more could emerge from disclosures in the coming weeks. Members of Congress and executive branch officials are required to file disclosures within 45 days of making a transaction.
Marjorie Taylor Greene, or whoever is trading on her behalf, bought between $21,000 to $315,000 worth of stock an hour before President Trump announced he’d be pausing tariffs against specific countries causing the stock market to rise drastically, USA Today reports.
“Markets had been in free fall since April 2, when Trump announced a 10% tariff on all foreign imports and additional “reciprocal” tariffs against dozens of other countries,” USA Today reports.
“When Trump announced he would pause the “reciprocal” tariffs, the S&P 500 had its largest gain since 2008, ending 9.5% higher, and the Nasdaq rose 12.2%, its biggest single-day jump since 2001. There was also an immediate 18% jump in the price of Tesla stock, which was co-founded by Trump aide Elon Musk, who publicly opposed the tariffs in opposition to Trump’s trade advisor.”
Because members of Congress are only required to disclose their purchases, Greene reportedly made some 21 separate stock purchases between $1,000 and $15,000. Greene reported the purchases on a federal disclosure on April 11. Greene invested in 17 companies, including Apple, Elon Musk’s Tesla, Nvidia, Palantir, Cummins, Amazon, FedEx, JP Morgan Chase, Lululemon, Nike, and Qualcomm.
Meanwhile, Democrats have been calling for an investigation into trades made by Congress before Trump announced the tariff pause.
Because the Trump administration doesn’t really know what it means to do dirt in the dark, On April 9, just four hours before Trump paused the tariffs, Trump took to Truth Social and posted: “THIS IS A GREAT TIME TO BUY!!!”
The White House claimed it wasn’t a market manipulation but merely an attempt “to reassure the markets and Americans about their economic security.”
It’s unclear if Marjorie Taylor Greene is the only member of Congress to purchase stocks once the market tanked or if she’s the only member of Congress to have reported it.
SEE ALSO:
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Marjorie Taylor Greene Buys Stocks Right Before Trump Paused Tariffs
was originally published on
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