Schiff Calls for Insider Trading Probe After Trump’s Tariff Pause

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10.04.2025

Where was Senator Adam Schiff (D-Calif.) calling for investigations on inside trading during all the years people like Nancy Pelosi got rich? Schiff has called for a congressional investigation into potential insider trading following President Donald Trump’s abrupt decision to pause tariffs on most countries for 90 days, announced on April 9, 2025. The move, which excluded China—where tariffs rose to 125%—triggered a massive stock market surge, with the S&P 500 jumping over 9% in a single day. Schiff’s push comes after Trump posted on Truth Social, “THIS IS A GREAT TIME TO BUY!!!” hours before the announcement, raising suspicions of market manipulation.

“I’m going to do my best to find out,” Schiff told TIME, questioning whether Trump, his family, or administration insiders profited from advance knowledge of the policy shift. “These constant gyrations in policy provide dangerous opportunities for insider trading.” He plans to send a letter to the White House demanding answers, citing Trump’s promotion of his “DJT” stock ticker and family cryptocurrency ventures as potential conflicts.

The call has sparked mixed reactions. Democrats like Rep. Alexandria Ocasio-Cortez echoed concerns, urging lawmakers to disclose recent stock trades, while Republicans dismissed it as political grandstanding. The White House has not responded, but Trump defended the pause, saying investors were “getting a little bit yippy.” As markets revel in the rally, Schiff’s probe could test the limits of oversight in Trump’s administration.