Patriots, brace yourselves! New York Attorney General Letitia James is reportedly examining potential insider trading linked to President Trump’s recent 90-day tariff pause. This development, reported by CNN, suggests that the Trump administration officials and associates might be under the microscope as the review begins its initial phase.
New York Attorney General Letitia James is looking into potential insider trading by Trump administration officials and associates around last week’s 90-day tariff pause, James’ office confirmed to CNN on Monday.
While this review is still in its infancy and hasn’t evolved into a full investigation, the outcome remains uncertain. The question at hand: Could a post on social media be misconstrued as ‘insider trading’?
Last Wednesday, President Trump took to Truth Social to reassure the nation amidst the unfolding tariff tensions. His message was one of optimism and fortitude:
BE COOL! Everything is going to work out well. The USA will be bigger and better than ever before!
— Donald J. Trump Posts From His Truth Social (@TrumpDailyPosts)
April 9, 2025
Just moments later, Trump declared it an opportune time to invest, given the market’s dip. His stirring declaration was: “THIS IS A GREAT TIME TO BUY!!! DJT”
On the previous Tuesday, the tariff tensions with China escalated when they announced their plan to retaliate against Trump’s initial 104% tariff by raising tariffs on American goods from 34% to 84%.
Not backing down, President Trump intensified the tariff battle on Wednesday, later announcing a significant increase in tariffs on China to 125%, yet simultaneously introducing a 90-day pause alongside reductions in reciprocal tariffs for over 75 countries.
The markets reacted with fervor. The Dow Jones saw an impressive surge, climbing over 2,800 points, while the Nasdaq experienced a remarkable 10% boost that Wednesday afternoon. As reported by CNBC, these gains marked historical highs:
The S&P 500 skyrocketed 9.1%, on pace for its biggest one-day gain in five years. The Dow Jones Industrial Average advanced 2,861 points, or 7.4%, also its biggest advance since 2020. The Nasdaq Composite jumped 11.7%, its largest one-day jump in decades.
