White House Rejects Insider Trading Claims Amid Tariff Changes

The White House has rebuffed claims from Democratic senators Adam Schiff and Ruben Gallego regarding potential insider trading linked to President Trump's recent tariff adjustments. Following Trump's announcement of a pause on reciprocal tariffs for 90 days and a reduction for other countries, the stock market saw a significant surge. Schiff and Gallego expressed concerns that Trump and his advisors might have had advance knowledge of the changes, prompting a call for an investigation. White House spokesman Kush Desai dismissed the accusations as 'partisan games,' asserting that the administration was simply acting to reassure markets amid ongoing media fearmongering. The debate continues over whether Trump's tariff decisions were motivated by political gain, particularly given his social media posts encouraging investment just before the announcement. Meanwhile, House Minority Leader Hakeem Jeffries indicated that House Democrats will also investigate potential stock manipulation related to these developments.