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Trump Made Hundreds of Stock Trades One Day Before Pausing Tariffs
Trump Made Hundreds of Stock Trades One Day Before Pausing Tariffs
A close look at Trump's latest financial disclosure reveals how he turned tariffs into a get-rich-quick scheme.
President Trump bought hundreds of stocks the day before he paused tariffs and caused the stock market to rally.
Trump filed his latest financial disclosure on Monday, and it shows that he made 327 individual stock purchases worth as much as $12.8 million on April 8, 2025, from companies including Apple, Microsoft, Nvidia, Amazon, and Alphabet (Google's parent company), according to an analysis from investigative outlet Sludge. The next day, Trump announced that he was pausing his sweeping tariffs for 90 days, and the S&P 500 went up by nearly 10 percent, one of its largest one-day increases ever.
The timing of these trades suggests he planned to cash in, realizing that markets would rally after his announcement.
By law, Trump and other executive branch officials are supposed to publicly disclose securities transfers, including stock purchases, over $1,000 within 45 days. Not only did Trump wait more than a year to disclose the April stock purchases, he didn't disclose any other of the thousands of stock trades he made in 2025.
In all, Trump reported $2.2 billion in income in 2025, from crypto, stock trades, foreign real estate, suing news organizations, and other grifts. His administration is openly engaging in market manipulation and insider trading without any fear of consequences.