Booker demands hearings into possible insider trading over tariffs – Washington Examiner
Senator Cory Booker (D-NJ) is calling for congressional hearings to investigate potential insider trading linked to President Donald trump’s recent announcement on tariffs. Following Trump’s initial implementation of “reciprocal tariffs” on various nations, he later indicated a pause on these tariffs for 90 days. This sudden reversal has raised suspicions, particularly among Democrats, about whether ther was illicit stock trading beforehand.Booker emphasized the need for oversight, stating that failing to investigate would undermine public trust in the government. He criticized trump’s tariff strategy as chaotic,which has led to rising costs and uncertainty for American families. Alongside Booker, 19 House Democrats have urged the Securities and Exchange Commission to examine possible insider trading leading up to the tariff announcement, highlighting concerns over market manipulation.
Booker demands congressional hearings into possible insider trading over tariffs
Sen. Cory Booker (D-NJ) called upon Congress to investigate any possibility of insider trading after President Donald Trump told people to buy stocks before reversing his tariff policy last week.
Less than a week after Trump enacted what he called “reciprocal tariffs” on nearly every nation, his administration said they would be paused for 90 days. On Sunday, Booker joined other elected Democrats who have raised questions about whether there was insider trading in the hours or minutes before Trump’s reversal.
“There is enough of an offense here; there’s enough smoke here that should demand congressional hearings,” Booker said on NBC News’s Meet the Press.
When asked to present evidence of insider trading, Booker first skirted the question before saying, “These are real, legitimate, justifiable questions.”
“Not to have hearings, not to do any kind of oversight, undermines the faith we have in our government, undermines the trust we need in our nation right now,” Booker said.
Pointing to Trump’s tariff policy, Booker also said, “There is no wisdom in this, the chaotic way he’s doing it, the challenges he’s putting on American families, in terms of costs, rising costs and jobs. This has no strategy. It has no sense. He’s being attacked by people on the Left and the Right.”
Last week, a group of 19 House Democrats wrote a letter to the head of the Securities and Exchange Commission requesting an “immediate investigation into possible insider trading and market manipulation” in the days leading up to Trump’s reversal on tariffs.
Sens. Adam Schiff (D-CA) and Ruben Gallego (D-AZ) also requested answers from the White House and Jamieson Greer, the U.S. trade representative, over their concerns about any illegal actions.
“Question is: Who knew what the president was going to do, and did people around the president trade stock knowing the incredible gyration the market was about to go through?” Schiff said in a video post.
DEMOCRATS ACCUSE WHITE HOUSE OF INSIDER TRADING AFTER TRUMP TARIFF PAUSE SENDS STOCK SURGING
Just before the president’s announcement, Trump took to social media to encourage followers to invest in the stock market.
“THIS IS A GREAT TIME TO BUY!!! DJT,” he wrote in a post to his social media platform Truth Social.
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