How Trump’s Tariff Spasms Became a Gold Rush in Congress
We’re starting to get a fuller picture of just how much stock trading took place around when President Donald Trump suddenly reversed his market-ravaging “Liberation Day” tariffs. Members are required to disclose stock sales and purchases within a 45-day window. April 9, when Trump announced his reversal, was 48 days ago.
Initially, the markets soared upon hearing the news that there would be a 90-day pause in tariff hikes (with the exception of China). But in the days that followed, they slumped once more. In that period, many members of Congress bought up investments at lower prices, a prudent move that could result in considerable long-term gains after things rebound. Large purchases can be lucrative in the short term, as well, if the shares were bought quite low, and the rebound happens fast.
