1. United States
  2. Wash.
  3. Letter

Investigate possible market manipulation by the Trump administration

To: Rep. DelBene, Sen. Cantwell, Sen. Murray

From: A constituent in Mountlake Terrace, WA

April 12

Please investigate the possible market manipulation by the Trump administration in the days following the tariff announcement on April 8. Mr. Trump announced sweeping tariffs for nearly all our trade partners, which resulted in a market meltdown. Then, Mr. Trump stated that it was "a great time to buy", and a few hours later, he reversed course on the tariffs. People in Mr. Trump's inner circle, who knew how to interpret his statements, were able to buy depressed assets and quickly make millions or even billion s of dollars. In a meeting with Charles Schwab on April 9, Mr. Trump publicly bragged that Schwab made $2.5 billion this day. All in all, the 500 richest people in the world added $304 billion to their combined net worth after Mr. Trump's tariff pause. The regular tax payer, main street investor, and 401(k) holder, on the other hand, still suffers from a market that has lost an estimated $10 trillion in capitalization. Mr. Trump's actions appear to be blatant market manipulation. Please investigate who knew about Mr. Trump's course reversal ahead of time, and who benefited from it. Thank you.

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