Following the announcement of President Donald Trump, on Wednesday afternoon that he was stopping the rates from country to country in 90 days, some experts, as well as Trump’s critics and social networks users, are asking questions about a statement that published earlier on the day that could have indicated the mass sale in the actions in recent days.
Not long after the trade was opened at 9:30 am on Wednesday, Trump led to his real social platform and wrote:
“Be great! Everything will work well. The United States will be bigger and better than ever!”
Four minutes later, he wrote:
“This is a good time to buy! Djt”
Just before 1:30 PM, Trump announced the pause, sending upward actions. The Technological Heavy Nasdaq index had its highest gain of one day since 2008, increasing almost 12%, while the S&P 500 rose 9.5%and the Dow Jones Industrial Avenge increased by 8%, or approximately 2,800 points.
Trump could have generally urged people to buy in the market, while prices were relatively low. That was the Secretary of Commerce of Response, Howard Lutnick, gave when he was asked about the positions on Wednesday night at CNBC.
“Donald Trump understands that … the United States is the largest country, okay?
But in social networks, some users raised the perspective, without evidence, of the manipulation of the market, while others began to refer to the strong market turn such as the “Trump bomb”.
There is no evidence to suggest that Trump was trying to manipulate the markets or that he or any of his advisors acted in privileged information.
For Richard Painter, the head of the ethics of former President George W. Bush, who now teaches the regulation of ethics and security of the Government in the Law Faculty of the University of Minnesota, the morning posts, at least, leave Trump open to questions about his intentions.
“This is a scenario that could expose the president to the accusations that he participated in the manipulation of the market,” said Painter.
Even before having sworn his second term, Trump faced internal criticism in the midst of the launch of his meme $ Trump currency. In that incident, the Trump organization was explicit that a group of investors who helped launch the currency benefited from their release assuming that its price would rise. Even so, the reports showed that other investors obtained huge profits from the launch, including an owner or owners of the cryptographic wallet that won $ 109 million, according to an analysis of the New York Times.
Some Democrats hastened to exploit Trump’s actions on Wednesday.
Senator Richard Blumenthal, D-Conn., Told NBC News that the Trump administration is “full of noise” and that “corruption is its second name.”
“The privileged information trade is a real threat, and I hope there is a wave of penetrating research on the manipulation potential and internal trade of values,” said Blumenthal, “since the knowledge of what Trump’s plans have been and can be widely propagated.”
Senator Adam Schiff, D-Calif. – A frequent object of Trump’s contempt – also suggested that an investigation was justified.
“Trump is creating giant fluctuations on the market with its outdoor tariffs,” Schiff wrote on social networks. “These constant policies provide dangerous opportunities for domestic trade.
A White House spokesman rejected the democrats’ claims.
“It is the responsibility of the president of the United States to reassure the markets and Americans about their economic security against the fear of media without stopping,” said White House spokesman Kush Desai, in a statement. “Instead of understanding straws to try to get President Trump a blow, Democrats should focus on working with the administration to restore US greatness.”
A spokesman for the Department of Justice declined to comment. The stock exchange and securities commission did not immediately respond to a request for comments.
Pintor said the incident could lead to investigations “about who knew what and when before [Trump] He announced that he was going to postpone rates in all countries, except China. “
“This was a terrible idea to make those publications,” Painter said about Trump’s suggestion that it was “a good time to buy.”
Painter admonished Trump even more, saying: “I hope you concentrate on doing your job, and try to calm the markets and have a predictable commercial policy and let the markets do their own without the White House to give what seems to be an investment council.”
