President Donald Trump’s posts on Truth Social triggered market volatility and raised legal concerns hours before he announced a 90-day pause on tariffs. Trump wrote, “BE COOL! Everything is going to work out well,” followed by, “This is a great time to buy!!!” prompting immediate market reactions.
Following Trump’s posts — but before the China tariff reversal became public — the Dow Jones Industrial Average climbed 8%, the S&P 500 increased 9%, and the Nasdaq Composite surged 12%. Democrats are now raising questions about who profited from these market fluctuations and the legality of Trump’s actions.
Before addressing reporters, Trump was overheard on a microphone discussing financial gains: “Charles Schwab, he made 2.5 billion today, and he made 900 million.”
Sen. Chris Murphy described the situation as a potential insider trading scandal.
“I have questions about the tariff announcements, who benefited and who made money, because this could be an enormous scam,” Murphy said.
