Ethican: « Trump plays with the monopoly markets! »
When Donald Trump’s far -reaching « reciprocal » tariffs came into force, the president observed the bond market. Was his stock market tip legal shortly before his punitive tariffs were lifted?
For days, the US President had debated whether he should fully advance the customs program. The voters who had chosen him in the White House because of the inflation were now faced with rising prices and higher credit costs. « People became a little queasy, » admitted Trump.
Within 14 hours, Trump carried out one of the largest economic -political U -turns in the modern history of the President by exposing the density of the tariffs to dozens of countries for three months and the share prices, which had been in free fall a week earlier, has increased again.
Trump: « You were a little scared »
Officials of the White House represented Trump’s decision as a skillful implementation of a carefully calibrated policy who discussed offers from allies and trading partners who had approached the government in the past few days to make an agreement to avoid taxes.
However, Trump himself admitted at a meeting with several racing drivers on the southern knasp of the White House that the decision was not least due to chaos at the financial markets. « Well, I thought that people dance a little out of line, » said Trump. « They were excited – and were a little scared. »
It’s a great time to buy.
Donald Trump
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon aroused the President’s interest, especially when he said that it was « completely reasonable » to come to the conclusion that world trade was unfair. Dimon encouraged foreign decision -makers to choose a quiet approach and « negotiate some trade agreements ».
Trump praised Dimon with the words: « He understood it ». « He is very smart and a financial genius, he did a fantastic job with the bank, » he said. « And he knows that everyone knows that. »
Elon Musk, his billion -dollar consultant, spent the last few days to attack the decision about the tariffs and Peter Navarro, the president’s advisor, on trade issues. Bill Ackman, the hedge fund manager who supported Trump’s election campaign, had expressed the idea of a 90-day suspension of the extended tariffs in the past few days to give negotiations.
Elon Musk about Pete Navarro: « Dümmer than a sack of brick »
Flexibility in the Oval Office is trump
Then Trump turned to his supporters via social media that it was « a great time to buy ». « Be cool! Everything will turn to the good. The US will be bigger and better than ever! » Posted Trump on his website Truth Social. « You have to be able to show a little flexibility, » said Trump. « I’m ABLE to do that. »
He signed the post with his initials DJT. This is also the stock exchange shortcut of the Trump media company, which Truth does. The Trump Media & Technology share ended the stock market day with an increase of 21.67 percent.
The papers of the car manufacturer Tesla, which is run by the Trump-allied Elon Musk, increased by 22.7 percent. Musk is said to have campaigned for a suspension of the high additional tariffs. Here, too, Commercial Minister Lutnick had called for citizens live on television a few days ago to buy Tesla shares because they would never be cheaper again.
« Trump loves this control over the markets »
The « Time Magazine » questions the procedure: « Thought Trump about his suspension of the import duties when he posted the contribution to Truth Social? »
The former ethican of the White House, Richard Painter, is then quoted with the words: « He loves this control over the markets, but he should be careful. The people who bought when they saw this post made a lot of money. » Trump plays with the monopoly markets.
Several Democrats from the US Congress consider all of this to be a broken game. The Democratic Senator Adam Schiff wrote on the X platform, Trumps back and forth in the tariffs and the market fluctuations provided « dangerous options for insider trading ». Schiff asked: « Who in the government knew in advance about Trump’s recent change of course in the tariffs? Has anyone bought or sold shares and benefited from the public at the expense? »
Trump’s customs course causes further unrest on stock exchanges
US Senator: Trump government « full of fraudsters » and « Corruption is your second first name »
The broadcaster NBC emphasizes that « there is no evidence that Trump tried to manipulate the markets or acted on the basis of insider information ».
But Richard Blumenthal, Senator and Democrat from Connecticut, told the news channel: The Trump government is « full of fraud » and « Corruption is her second first name ». Insider trade is « a real threat » and he hoped « that there will be a wave of thorough examinations for manipulation potential and insider trade in securities. » Other democrats also asked for this.
Source: Bloomberg/dpa/AFP/IZ