Sen. Adam Schiff, D-Calif., said he will demand that the White House tell him “who knew in advance” that Trump “was going to once again flip flop on tariffs.”
“Are people cashing in? There is just all too much opportunity for people in the White House and the administration to be insider trading, and you can’t put it past them for a minute. So we’re going to try to find out,” Schiff told reporters Wednesday afternoon.
Hours before Trump announced he was temporarily lowering his “reciprocal” tariff rates to a baseline 10% for all affected countries except China, he declared, “THIS IS A GREAT TIME TO BUY!!! DJT.”
Schiff said he believes that “someone is knowing about these events in advance.”
“They may have an hour to know, or they may have a day, but someone knows,” he said. “And the question is, are they trading on that information? Are they profiting while people’s retirement savings are on fire? Are people in the administration making money out of it?”
— Kevin Breuninger
