Trump cashed in with 327 stock purchases just before he sent the market soaring by pausing tariffs: disclosure
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Trump cashed in with 327 stock purchases just before he sent the market soaring by pausing tariffs: disclosure

The Independent business

Key Points:

  • President Donald Trump made 327 stock purchases on April 8, 2025, including significant investments in Apple, Alphabet, Amazon, Microsoft, and Nvidia, shortly before pausing his "Liberation Day" tariffs on April 9, which caused tech stocks to surge.
  • The tariff pause announcement followed a global trade war initiated by Trump on April 2, which initially caused market declines; the pause led to a rebound in tech shares, notably a 15% jump in Apple and a 19% rally in Nvidia.
  • Trump’s financial disclosure reveals he made $2.2 billion during his second term, including $1.4 billion in cryptocurrency, raising concerns about potential conflicts of interest and self-enrichment while in office.
  • White House officials deny any conflict of interest, stating Trump’s assets are managed by independent third parties, but Democrats have criticized the timing of stock purchases as corrupt and indicative of abuse of power.
  • Critics, including Rep. Jason Crow and Sen. Adam Schiff, have condemned the actions as staggering corruption, emphasizing the contrast between Trump’s financial gains and the economic struggles of average Americans.

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