Democrats demand to investigate whether Trump helped their friends earn money with actions

Washington – The Democrats of Congress demanded responses on whether President Donald Trump could have inclined his family allies or members to buy actions hours before he reversed the course in global tariffs, a measure that sent shares.

Leading the position, Sens. Adam Schiff (D-Calif.) And Ruben Gallego (D-Ariz.) Directed the Government Ethics Office, an independent agency within the Executive Branch, to carry out “an immediate review” on whether any Employee of the White House or the Executive Branch, including special government employees such as Elon Musk, may have violated the federal ethics laws related to the exchange.

The senators established the suspicious sequence of events that took place on Wednesday in A letter to the interim director of OGE, Jamieson Greer, and the Chief of Cabinet of the White House, Susie Wiles.

“On the morning of April 9, 2025, President Trump published in Truth Social at 9:33 am: ‘Be great! Everything will work well. The United States will be bigger and better than ever!'” Dea his letter. “The president subsequently published at 9:37 am: ‘This is a good time to buy! Djt'”.

Hours later, at 1:18 PM, Trump announced in Truth Social, his social media platform, which was imposing a 90 -day break in virtually all radical rates that he had implemented days before. The US stock market was quickly recovered, and for the closing of the day at 4 pm, the S&P recorded a 9.5% gain of one day, the highest gain of the index since 2008.

“This sequence of events raises serious legal and ethical concerns,” said Schiff and Gallego.

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Specifically indicate that the stock in Tesla, the Electric Automobile Company owned by Musk, Trump’s billionaire friend who has already been enriching personally By advising Trump, he increased 18% immediately after the president’s announcement to stop most tariffs, whom Musk had opposed publicly.

Schiff and Gallego ask OGE to investigate whether any White House employee or the executive branch may have violated the laws related to actions of shares or financial transactions that precede the news of Trump’s rates. They also request a review of communications between executive employees and external parties, “including financial institutions, corridors, concessionaires, investment advisors or commercial partners, which may have included non -public information.”

They also give Wiles until April 18 to answer some questions. They ask if any White House employee or the executive branch knew in advance about Trump’s change in tariff policies, if any member of Trump’s family knew and if White House workers or the executive branch were involved in deliberations on changing tariff policies.

When asked why it seems that the president may have involved in the manipulation of the market with tariffs, White House spokesman Kush Desai said people should celebrate Trump for taking “decisive measures” with his announcement.

“It is the responsibility of the president of the United States to reassure the markets and Americans about their economic security against the media without stopping,” Desai said in a statement. “The Democrats criticized China’s deception for decades, and now they are playing partisan games instead of celebrating the decisive action of President Trump yesterday to finally corner China.”

Meanwhile, Trump spent Wednesday night with financial industry executives on how much money they earned in the last 24 hours.

“He made $ 2.5 billion today, and won $ 900 million,” the president told the laughs, pointing to billionaire Charles Schwab and others during a meeting at the Oval office.

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Other Democrats are putting the problem in front and the center in Capitol Hill.

The representatives Steven Hornsford (D-Nev.) And Terri Sewell (D-ana.), The main Democrat in the House of Representatives and the media of the Supervision Subcommittee, directly wrote to the president and the members of their cabinet with questions about the timeline of Trump’s deliberations about the tariffs and papers of several agencies in those talks.

“This administration states that its tariff pause was part of its plan, and also states that the pause was not the manipulation of the market, it is difficult to believe that both are true,” said Horsford in a statement. “My components in Nevada, and all Americans deserve to know who is benefiting and how they are benefiting from the agitation of the market that is harming so many working class people and families at this time.”

The key senators also raised questions.

“Was that market manipulation?” Senator Elizabeth Warren (D-Mass.) Wond of messages from Trump’s social networks. “Was corruption in sight?”

“The Americans deserve to know if President Trump or any other person in his administration manipulated the market to benefit their donors, while working people in small businesses were paying the price,” he said.

“What Trump took out yesterday looks like a terribly incomplete market manipulation,” said Senator Ron Wyden (D-ORE), the main Democrat of the Senate Finance Committee, at an audience on Thursday with trade nominees and taxes.

Senator Bernie Sanders (I-VT.) Called the “outrageous” situation.

“I would be surprised if there were people who, hours before, knew exactly what Trump was going to do to rescind their rates proposals, understanding that the stock market would rise and you would earn large amounts of money?” Sanders said In an interview With Anderson Cooper of CNN. “Would I be surprised if we knew that in the next few days? No, I wouldn’t.”

Representative Alexandria Ocasio-Cortez (DN.Y.) said that not only White House employees or Trump family members may have participated in a market game.

“Any member of the Congress that bought actions in the last 48 hours should probably reveal that now,” she, “she,” she, “she,” she, “she,” she, “she,” she, “she,” she, “she,” Said on social networks. “I have been listening to an interesting talk on the floor. The dissemination deadline is May 15. We are about to learn some things.”

Ocasio-Cortez joined colleagues in a letter from Thursday to President Mike Johnson (R-La.), Asking that you ask all the legislators of the House of Representatives to present immediately and release their so-called periodic trade reports for any transaction of actions carried out during the past week.

“The public has the right to know if someone in Congress benefited from the considerable instability of the market and economic chaos caused by President Trump and his administration during the past week,” they said.

A Johnson spokesman did not immediately respond to a request for comments.

There is another conflict of interest in the midst of all this: Greer, the interim director of OGE, is also the American commercial representative of Trump, whose work is to advise and promulgate the president’s rates policy. It is not clear why Greer has both jobs or how he could lead an impartial investigation into Trump’s possible privileged information trade related to his tariff policies.

An OGE spokesman declined to comment.

Greer was in the midst of testifying to a Chamber Committee on Trump’s commercial strategy, or the lack of her, on Wednesday when the president announced that he was going back his tariffs. That left Greer fighting to make sense of Trump’s chaotic actions in real time, as a member of the Committee, Horsford, sat.

“So, the trade representative has not spoken with the president of the United States about a global reorganization of trade?” Nevada’s Democrat said while Greer sat in silence. “However, he announced it on a tweet? WTF! Who is in charge? It seems that your boss simply took the carpet from under you. There is no strategy.”

Now shouting, Horsford added: “Is this market manipulation?”

CORRECTION: An earlier version of this story erroneously declared the day Trump met with the financial industry executives.