Booker Wants Insider Trading Hearing On Tariffs Pause

NBC News reports:

Sen. Cory Booker said Sunday that Congress should hold hearings and defended Democratic lawmakers’ calls for investigations into any possibility of insider trading after President Donald Trump encouraged people to buy stocks before reversing his tariff policy last week.

“There is enough of an offense here, there’s enough smoke here that should demand congressional hearings,” the New Jersey Democrat said on NBC News’ “Meet the Press.”

Democrats began questioning whether anyone traded improperly after Trump said on social media that “this is a great time to buy” Wednesday morning when stocks were slumping after the president’s tariff rollout and then, just hours later, announced that most of the steep tariffs would be temporarily reduced, sending the stock market shooting up.

Read the full article. X users have pointed to a large spike in stock trading in the hour before Trump announced the 90-day pause in tariffs.

Bernie agrees it’s highly likely Trump and his billionaire buddies bought stocks based on insider info before the market spiked – after his tariffs surrender pic.twitter.com/K2lLlXgF9Y

— The Tennessee Holler (@TheTNHoller) April 10, 2025