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Donald Trump told the world to be ‘cool’ as his livestock tax had to put on hold, put the world markets on hold and sent shockwaves through the US economy.
Trump announced a few minutes after the opening bell on the New York Stock Exchange: “It’s a wonderful time to buy !!!”
Four hours later, the president reversed the course. He for 90 days has stopped rates on goods from most countries on goods from most countries, while increasing rates on China imports to 125 percent. Markets have risen. White House officials – who just said a day earlier that Trump would never go back – said, “It was his strategy throughout” and “the art of the deal” at work.
Social media broke out with accusations that the president played a reverse ‘pump and shower’ scheme with the US economy: share prices fell just to buy it before prices dropped again. Democratic Senator Adam Schiff is asking for an investigation into insider trading.
Trump’s surprise on Wednesday appears to be the news for the administration’s own trade representative, who was in the middle of the testimony of a house committee, which revealed the allegations that the president deliberately manipulated the markets.
“If you came here knowing that … these rates would be turned off, why didn’t you include it in your opening statement? Why did you not refer this in your testimony? ‘ Ask a furious Nevada Democratic Rep. Steven Horsford.
“I don’t reveal my conversations with the president, sir,” Jamieson Greer, Trade Representative, replied.
‘These were specific questions. We always asked you, ‘What is the strategy? “” Horsford said. “It is an amateur -hour and it must stop … how are you in charge of negotiation if the president tweets about wherever he is? … Did you know that this is happening? … is this market manipulation? ‘
“No,” answered Greer.
“Why not? If it was a plan, if it was always the plan, how is it not market manipulation? ‘ Horsford said.
“It’s not market manipulation, sir,” Greer said. “We are trying to reinforce the global trading system that has put on all our factories.”
“How did you achieve something of it?” Horsford said and cut off Greer. “Who benefits? Which billionaire just got richer? ‘
Horsford noted that there were no home republicans in the trial. The speaker of the house, Mike Johnson, “rushed to the floor to screw America with the greatest tax cut in history on the back of the American people.”
‘WTF! Who is in control? ‘ Horsford said. ‘Because it certainly doesn’t seem to be the trade representative. You just pulled out the carpet under you. I wish I could experience some empathy. But the empathy I have is for the American people, whose well -being and livelihoods are affected. It’s not a game. This is real life. ‘
On X, the Trump campaign’s war room account asked: “Did the Panicans listen to @potus’s advice this morning?”
The post-with reference to Trump’s set word for ‘stupid’ and ‘weak’ people who do not support his tariff plan non-containing a screenshot of the president who ‘It is a wonderful time to buy’ on his truth social account.
In a statement, Schiff said Trump “creates huge market fluctuations with its on-weather-against rates.”
“These constant gyrations in policy offer dangerous opportunities for insider trading,” he warned. “Who in the administration knew about Trump’s latest tariff flop in advance? Did someone buy or sell shares and make a profit at the expense of the public? I am writing to the White House – the public has the right to know. ‘
The California senator is calling on the White House to answer “who is paid,” he told reporters on Wednesday.
“There is too much opportunity for people in the White House and administration to trade inside,” he said. “They won’t be able to hide it for good.”
Trump, meanwhile, appeared outside the White House with a group of car racing champions and celebrated their ‘endurance’ and gesture at a bright red and yellow racing car parked near the South grass.
“I thought people were jumping out of line a little,” Trump said when asked why he turned the rate around and interrupted rates for 90 days.
“They got a little Yippy, a little scared,” he said. “It might work faster than I thought.”
When asked if people who release the Treasury effects persuaded him, he said, ‘No, I watched the bond market. The bond market is very troublesome. I looked at it, but if you look at it now – it’s beautiful. The bond market is beautiful now. But yes, I saw last night where people get a little calm. ‘
“The big move wasn’t what I did today,” he added. “The big move I did on Liberation Day.”
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