Marjorie Taylor Greene’s huge stock buy the day before Trump’s tariff U-turn sent market soaring
Marjorie Taylor Greene has admitted to purchasing between tens and hundreds of thousands of dollars worth of stock the day before and the day of Donald Trump’s tariff pause.
Members of both parties have called for investigations into potential insider trading from members of Congress during the period between the beginning and pause of the tariffs.
New disclosures show Greene bought between $21,000 and $315,000 in stock on those days, the latter of which coincides with the president posting to social media: ‘THIS IS A GREAT TIME TO BUY!’
The day before the pause, Greene also got rid of between $50,000 and $100,000 in U.S. Treasury bills, The New York Times reported.
The disclosures come after it was revealed earlier this month that Greene made hefty trades days before Trump’s tariffs announcement tanked the stock market.
Greene has yet to publicly comment but denied any impropriety in a statement released after investigations into her stock trading last week, saying that she pays someone to handle all of her investments.
‘I have signed a fiduciary agreement to allow my financial advisor to control my investments. All of my investments are reported with full transparency. I refuse to hide my stock trades in a blind trust like many others do.’
A spokesperson for Greene told Newsweek that any investigation into any wrongdoings would be ‘utterly absurd.’
Marjorie Taylor Greene (pictured) has admitted to purchasing between tens and hundreds of thousands of dollars worth of stock the day before and the day of Donald Trump ‘s tariff pause
Earlier this month, it was revealed Greene made hefty trades days before Trump’s (pictured) tariffs announcement tanked the stock market
Greene’s stock buys included Apple – up five percent since the tariffs were paused – Devon Energy Corporation and Merck & Company pharmaceuticals.
Other recent investments include Palantir – up 19 percent since the pause – and Advanced Micro Devices – up 21 percent.
The MAGA proponent made 15 investments between March 16 and March 24. Her three largest moves were putting hundreds of thousands of dollars towards US Treasury Bills, also know as T-Bills.
T-Bills are short-term debt obligations that are considered low risk, so they may bring in lower returns than other kinds of investments.
But the low-risk nature of T-Bills means investors are highly unlikely to experience losses on their money, making them a safer bet than stocks.
On March 16, March 19 and March 24, Greene spent $100,000 to $250,000 per transaction on T-Bills, according to Capitol Trades, a platform devoted to sharing politician trading data.
The Trump ally invested between $300,000 and $750,000 in Treasuries, according to the filings.
These massive purchases were sprinkled among multiple smaller ones that spanned from $1,000 to $5,000 in companies including Apple Inc, AbbVie Inc and Costco Wholesale Group.
New disclosures show Greene bought between $21,000 and $315,000 in stock on those days, the latter of which coincides with the president posting to social media: ‘THIS IS A GREAT TIME TO BUY!’
Greene has yet to publicly comment but denied any impropriety in a statement released after investigations into her stock trading last week, saying that she pays someone to handle all of her investments
On ‘Liberation Day,’ Trump declared that foreign trade and economic practices have sparked a national emergency
Greene’s stock moves came in the days leading up to Trump’s ‘Liberation Day’ declaration on April 2.
On April 9, Trump proclaimed on his Truth Social network: ‘THIS IS A GREAT TIME TO BUY!!!’
At that moment the stock market was tanking, as Trump’s ‘Liberation Day’ tariffs had gone into effect at 12:01 a.m. Wednesday.
The president announced a little after 1 p.m. that while he would hike tariffs on Chinese imports to 125 percent, the rest of the world’s tariffs would only be 10 percent and there would be a 90-day pause on the reciprocal tariffs he unveiled a week ago in the Rose Garden.
That announcement immediately had the stock market ticking back up.
The White House tried to spin the move as the ‘strategy all along,’ according to Treasury Secretary Scott Bessent.
White House press secretary Karoline Leavitt scolded reporters for doubting Trump’s bargaining skills.
Since the initial announcement, the stock market had been in a nosedive – and had the tariffs gone into full effect the cost of groceries, alcohol, clothing, shoes and electronics was expected to rise.
The MAGA proponent made 15 investments between March 16 and March 24. Her three largest moves were putting hundreds of thousands of dollars towards US Treasury Bills , also know as T-Bills
There were already fears that the tariff debacle could do real harm to the GOP in the midterms.
Trump acknowledged the unease as he answered reporters’ questions from the South Lawn as he entertained NASCAR champions Wednesday afternoon.
‘Well I thought that people were jumping a little bit out of line, they were getting yippy, you know, they were getting a little bit yippy, a little bit afraid, unlike these champions,’ Trump replied. ‘Because we have a big job to do.’
Asked if he reversed course due to the bond market, Trump said it was ‘tricky’ but it looked ‘beautiful’ now.
‘But, yeah, I saw last night where people were getting a little queasy,’ he said.
Despite that fact that none of his more punishing reciprocal tariffs had taken effect, he still boasted that Liberation Day was a success.
‘The big move wasn’t what I did today, the big move was what I did on Liberation Day. We had Liberation Day in America. We’re liberated from all of the horrible deals that were made, all the horrible trade deals that were made,’ Trump insisted.
Members of Congress must report stock trades within 30 days of making them but they are allowed to give a wide range of dollar amounts rather than provide exact numbers.
