White House Denounces Democrats' Call for Insider Trading Probe Amid Trump's Tariff Pause
The White House has criticized Democrats for what it calls ‘partisan games’ following a demand for an investigation into potential insider trading related to President Donald Trump’s recent tariff decisions.
In a move that has stirred controversy, President Donald Trump announced a 90-day pause on customized reciprocal tariffs, prompting Senators Adam Schiff and Ruben Gallego to call for an investigation into possible insider trading. The White House, through spokesperson Kush Desai, dismissed the Democrats’ accusations as politically motivated, arguing that the President’s actions were aimed at stabilizing the economy amidst global trade negotiations. Trump’s decision excludes China, which faces a steeper 125% tariff in response to its retaliatory measures against the U.S. The President has justified his tariff strategy as a necessary step to counteract decades of trade imbalances, particularly with China. Treasury Secretary Scott Bessent explained the pause as a strategic move allowing Trump to be directly involved in negotiations with the 75 countries that have reached out to the U.S. for trade discussions. Amidst these developments, Trump’s social media posts encouraging investment have fueled further debate about the implications of his economic policies and the allegations of market manipulation.