It has been revealed that a pro-Trump congressman bought hundreds of thousands of dollars' worth of stocks just before President Donald Trump announced the suspension of reciprocal tariffs on other countries, excluding China.
On the 15th (local time), The New York Times (NYT) and Bloomberg News reported that Congresswoman Marjorie Taylor Greene (Georgia), a strong supporter of Trump, purchased a large amount of stocks on the day of and the day before President Trump's decision to suspend reciprocal tariffs for 90 days on a country-by-country basis on the 9th.
According to NYT, Congresswoman Greene conducted 21 stock transactions ranging from $1,001 to $15,000 on the 8th and 9th. The total amount spent over the two days ranges from $21,000 to $315,000. The stocks purchased include ▲Amazon ▲Tesla ▲Apple ▲Nvidia ▲Qualcomm ▲Blackstone, among others.
In addition, it is reported that Congresswoman Greene also sold government bonds ranging from $50,000 to $100,000 during the same period.
U.S. congress members are required to report stock transactions within 30 days; however, as only approximate ranges need to be reported instead of specific amounts, Bloomberg News noted that it is difficult to know exactly how much trading occurred before President Trump made the announcement to suspend tariffs.
Previously, President Trump had stated that "the reciprocal tariff policy will never change," but on the 9th, he unexpectedly announced the "90-day suspension" measure, leading to a surge in U.S. stocks that day.
In response, Letitia James, New York Attorney General, has begun investigating the possibility of insider trading among Trump administration officials and associates related to the tariff suspension measure.
However, it has been reported that this is an initial investigation stage, not a formal probe.