Former President Donald Trump is facing accusations of “stock manipulation” on social media. This happened after many people noticed that hours before he announced a pause in tariffs, he told his followers on Truth Social to “buy” stocks.
At 9:37 AM, Trump encouraged his followers by writing, “THIS IS A GREAT TIME TO BUY!!! DJT.” Then, just a few hours later, he shared the news at 1:20 PM that he was pausing tariffs for most countries. This announcement made the stock market soar, with the S&P 500 rising by 8.2% and the Dow Jones increasing by over 2,600 points.
Many users on social media criticized Trump. One user wrote, “How is this not market manipulation?” Another said, “Donald Trump should be arrested for stock manipulation.” As of now, Trump and his team have not responded to these claims.
In his announcement, Trump mentioned he was allowing a 90-day break on tariffs for many nations after talking to more than 75 countries looking to reach an agreement. He also confirmed that effective immediately, the tariff on China would increase to 125%, stating, “China can’t keep taking advantage of the U.S. and others.”
Leave a Reply