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‘Looks like corruption’ – Warren accuses President Trump of market manipulation
U.S. Senator Elizabeth Warren has sparked a heated debate by accusing President Donald Trump of manipulating the financial markets to benefit his wealthy donors and allies. The Senator’s strong words come as she demands an investigation into the administration’s tariff strategy amid allegations of market manipulation.
Warren, known for her progressive stance on economic issues, alleged that the administration is using trade policy to skew market conditions in favor of powerful interests rather than promoting economic stability. She claimed that Trump’s sudden and unpredictable shifts in his tariff decisions, such as the jump from 105% to 125% in a day, are designed to benefit his wealthy donors while ordinary citizens and small businesses bear the brunt.
The Senator also pointed out President Trump’s Truth Social post where he wrote “THIS IS A GREAT TIME TO BUY!!! DJT.” This came just before the administration announced a temporary pause on most tariffs, which led to a significant market rebound. Warren believes that this sudden shift was deliberately done to create a window of opportunity for his billionaire friends and allies to make a quick profit.
Warren’s comments have drawn support from several former White House officials, including Richard Painter, who questioned the legality of Trump’s public statements. Senator Adam Schiff has also echoed similar sentiments, suggesting that Trump’s online statements may cross into potential securities violations.
The controversy surrounds President Trump’s recent actions in the financial markets, particularly his decision to pause most tariffs and subsequent market rebound. While some have praised Trump for his alleged success in stabilizing the market, Warren and her supporters believe this is nothing more than a ploy by the administration to line their own pockets at the expense of the average citizen.
Warren’s criticism comes as she pushes for increased transparency and accountability in the financial markets.
Source: https://ambcrypto.com/looks-like-corruption-warren-accuses-president-trump-of-market-manipulation/
