Schiff: Trump Should Be Investigated for Insider Trading

Some Democrats are calling foul on President Trump's abrupt tariff pause, which caused stock prices to soar—days after the announcement of the tariffs led to the worst market plunge in years. Sen. Adam Schiff of California called on Congress to investigate whether the president engaged in market manipulation or insider trading, noting, "Family meme coins and all the rest of it are not beyond insider trading or enriching themselves. I hope to find out soon." Sen. Tim Kaine of Virginia also told Time something seemed shady: "When my own barber asks me whether Donald Trump is selling short or doing this to try to make money for himself, it shows that a lot of people are pretty suspicious about what's going on."

Rep. Steven Horsford had alluded to potential market manipulation earlier Wednesday, when news of the pause first came out—in the middle of a hearing with the Trump administration's trade representative. "This is not a game. This is real life," Horsford said, questioning whether the move had been made in order to impact the markets. Trump's social media post noting to would-be investors that "THIS IS A GREAT TIME TO BUY!!!", posted hours before the pause was announced, was also raising suspicions, NBC News reports, though the outlet notes there is no evidence Trump was aiming to manipulate markets. (More President Trump stories.)