Rep. Marjorie Taylor Greene purchased between $21,000 and $315,000 in stocks on April 8th and 9th, the day before and the day of President Trump's announcement to pause global tariffs. She also sold between $50,000 and $100,000 in Treasury bills on April 8th. This occurred shortly after Trump encouraged people to "buy the dip."
Greene's purchases included stocks in various companies, including Apple, other technology firms, energy companies like Devon Energy, and pharmaceutical giant Merck & Co. These purchases followed Trump's social media post urging stock market investment.
Democrats are calling for investigations into whether Trump's actions were intended to manipulate the market and benefit his allies, potentially through insider trading. This raises questions regarding the timing of Greene's trades and their relationship to Trump's announcement.
While members of Congress must report their stock trades, they only need to report broad ranges of transaction values. Greene's trades are some of the first to be reported from the period around Trump's tariff announcement.
Representative Marjorie Taylor Greene, Republican of Georgia, disclosed on Monday that she had purchased between tens and hundreds of thousands of dollars’ worth of stock on April 8 and 9, the day before and the day of President Trump’s announcement that he was pausing a sweeping set of global tariffs, a pivot that sent the stock market soaring out of a sizable slump.
Ms. Greene bought between about $21,000 and $315,000 in stocks on those days. The day before Mr. Trump’s move, she also dumped between $50,000 and $100,0000 in Treasury bills, according to required public disclosures made to the House.
The report came as Democrats in Congress have demanded investigations of whether the president’s whipsawing moves on trade might have been aimed at manipulating the market and giving his allies a lucrative opportunity for insider trading.
Members of Congress are required to report their stock trades within 30 days of making them, though they only have to mark down broad ranges rather than specific dollar amounts. Ms. Greene’s April 8 and 9 trades — 21 each in the range of $1,001 to $15,000 — are some of the first among members of Congress that will be reported over the coming month as lawmakers detail their financial moves around the time the president encouraged people to buy the dip ahead of his pause on tariffs.
“THIS IS A GREAT TIME TO BUY!!!” Mr. Trump wrote on social media the morning of April 9. About four hours later, he said he was pausing most tariffs on every country except China, an announcement that resulted in massive one-day gains in stocks.
Ms. Greene, one of Mr. Trump’s most loyal allies in the House and an active stock trader, appeared to heed the advice, making an unusually large volume of stock purchases. That day, she bought stock in several companies, including Apple, which has since gone up in value by about 5 percent. She also bought stock in other technology companies, as well as energy firms such as Devon Energy Corporation and the pharmaceutical giant Merck & Company, according to her public disclosures.
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