Warren demands that the SEC investigate Trump for insider trading and accuses “chaos” of unleashing tariffs
Massachusetts democratic Senator Elizabeth Warren He defended the Securities and Exchange Commission’s call to investigate President Donald Trump on accusations of market manipulation and insider trading, stating that such investigations were “completely appropriate.”
“That’s the purpose of the investigation, and it’s perfectly appropriate to investigate to ensure Donald Trump, the family of Donald Trump. Donald Trump’s The inner circle did not get any prior information or transactions regarding that information,” Warren told CNN’s JakTapper on Sunday when she appeared in “The State of the Union.”
Warren, along with a handful of other Senate Democrats, including Ron Wyden of Oregon and Chuck Schumer of New York, wrote to the SEC chief on Friday asking for an investigation into alleged market manipulation following the announcement of Trump’s mutual tariffs and the subsequent 90-day suspensions, which were raised in foreign countries.
“We urge the SEC to investigate whether the tariff announcement that caused a market crash and a partial recovery that enriches the administration’s insiders and friends at the expense of the American people, and whether there is prior knowledge that insiders, including the president’s family, have abused them to trade stocks prior to the president’s announcement.
President Donald Trump and Senator Elizabeth Warren (Getty Images)
The White House called for an investigation into market manipulation last week in comments provided to Fox Digital, which accused Democrats of playing “partisan games.”
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“It is the US president’s responsibility to reassure the market and Americans about economic security in the face of the fear of non-stop media. Democrats opposed it. China’s fraud Decades, and now, they’re playing a partisan game, rather than ultimately pushing China to celebrate Trump’s decisive action yesterday,” White House spokesman Kush Desai said in a comment to Fox Digital when asked about Democrats who claimed Trump had manipulated the market.
A columnist for the New York Times burned the Democrats because he wasn’t making enough attacks on President Trump’s tariff policies. (Brendan Smialowski/AFP via Getty Images)
When asked on Sunday if Warren had actually seen evidence of alleged insider trading, she replied: “Well, just before he made that announcement that he had spiked the stock market, there are people who call on what happened to the purchase.”
She continued on Sunday that Congressional members should also be subject to rules prohibiting individual shares.
“This is a way that works to ensure that the stock market is consistently and ensures that no one is trading inside information. And Jake should apply to Congress, meaning no one in Congress can trade on individual stocks. There’s no senator, no representative.
Donald Trump’s allies, supporters and donors are led by Elon Musk and push to end the tariff war.
D-Calif. Adam Schiff of the company and Ruben Gallego of D-Ariz wrote a letter to the White House chief Susie Wiles on Thursday, with trade representative Jamieson Greer also calling for an investigation into potential insider trading.
Sen. Elizabeth Warren will ask questions at a Senate Finance Committee hearing on March 16, 2023 in Capitol Hill. (AP Photo/Jacquelyn Martin, file)
Before Trump suspending mutual tariffs last Wednesday, he said, “Be Be Cool! Everything will be fine. America will be bigger than ever!” and “This is the best time to buy!!! DJT.” The president had previously said he would not suspend tariffs, but was open to negotiating with other countries.
Trump has suspended only higher customized tariffs than he placed in the country he historically set up Trade barriers For US goods, countries around the world face 10% tariffs on goods, as the Trump administration and world leaders dislike negotiating mutual tariffs.
However, China was not part of the tariff suspension and instead suffered a higher 125% tariff after retaliating with its own additional fee on the US
Warren said tariffs could be “an important tool in the toolbox if used in a targeted way.” Trump accused Spreading “chaos” through the implementation of his tariff plans.
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“What we have now is chaos and corruption. Donald Trump is putting tariffs on everyone on every product, every product. That’s a 10% tariff. Of course, it’s much higher at the beginning of the week and now in this trade war with China, which is trying to shut down all trade,