Trump Faces Accusations of Market Manipulation Amid Tariff Announcement

Democratic senators are calling for an urgent investigation into President Donald Trump and his inner circle, including Elon Musk, over potential market manipulation linked to a significant policy shift regarding tariffs. Following an April 2 announcement of steep tariffs, Trump urged his followers on Truth Social to buy stocks just hours before he announced a 90-day suspension of those tariffs, leading to a dramatic recovery in the stock market. Critics, including Senator Adam Schiff, have raised ethical concerns over the timing of Trump's social media posts, which coincided with substantial gains for his billionaire friends. Trump's statements celebrating the financial successes of his billionaire associates further fueled suspicions of insider trading. The S&P 500 saw a remarkable rebound, recovering approximately $4 trillion in value, sparking debates about whether Trump leveraged his position for personal gain. While White House representatives defend Trump's actions as an effort to reassure the markets, the controversy continues to garner attention across political and financial spheres.