President Donald Trump speaks as he signs executive orders in the Oval Office of the White House Wednesday, April 9, 2025, in Washington.Pool via AP
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Democratic lawmakers are calling for federal agencies and state attorneys general to investigate whether President Donald Trump, members of his administration, or any of his associates manipulated markets or helped enrich allies in connection with Trump’s sudden reversal on tariff polices Wednesday.
Six top Democrats wrote to SEC Chairman Paul Atkins Friday, asking the agency to investigate “whether the tariff announcements, which caused the market crash and subsequent partial recovery, enriched administration insiders and friends at the expense of the American public and whether any insiders, including the President’s family, had prior knowledge of the tariff pause that they abused to make stock trades ahead of the president’s announcement.”
In varied missives over the last few days, Democrats—who for months have publicly struggled with how aggressively to combat Trump—have taken direct aim at the economic damage inflicted by the president’s erratic tariff policy. And they have zeroed in on seemingly suspicious trading activity that took place ahead of Trump’s about-face.
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