In a twist that left many scratching their heads, over a dozen senior U.S. officials and congressional aides quietly sold stocks just before President Donald Trump announced a sweeping global tariff regime. 😮
ProPublica's review of government disclosures revealed that a State Department official and a key figure from the agency responsible for U.S. trade policy offloaded tens of thousands of dollars in stocks on April 2—just before the tariff news hit the headlines. This move came on the heels of a major policy update that later sent the stock market into a tailspin.
In another surprising detail, a White House lawyer sold shares in nine different firms ahead of a further significant trade move. Some insiders converted their gains from individual stocks or broad market funds into safer assets like bonds or treasuries, while others seemingly held onto cash as a precaution.
This episode is a stark reminder of how political decisions can ripple through the financial world, influencing investment choices and market dynamics almost overnight. For anyone curious about the inner workings of government and finance, it’s a fascinating glimpse behind the scenes.
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Media: Some U.S. officials sold stocks before Trump announced tariffs
cgtn.com
