Trump’s Truth Social post is drawing attention after he announced a 90-day pause on tariffs just hours later.
President Donald Trump has once again stirred the pot with his recent actions on social media.
Just hours before announcing a 90-day pause on tariffs, Trump made a curious post on Truth Social.
This has led many to question his intentions and the timing of his statements.
Trump announced new tariffs impacting over 60 countries.
In early April, Trump announced new tariffs on over 60 countries. These tariffs were set at 10 percent or more, impacting many goods entering the United States.
The aim was to boost American wealth, but the immediate effect was a sharp decline in the stock market.
In fact, the market lost $2 trillion in just 25 seconds after the announcement.
The tariffs were described as being imposed “whether friend or foe,” meaning that both allied and rival nations would be affected.
Notably, China faced even harsher penalties, with tariffs set at 125 percent. This aggressive approach was met with significant backlash from other countries, prompting threats of retaliation.
Trump unexpectedly paused tariffs for 90 days.
On April 2, Trump announced the tariffs, but by April 9, he reversed course.
He decided to pause the increased tariffs for 90 days, except for those on China.
This sudden change was unexpected and led to a significant recovery in the stock markets.
By midday after the announcement, the S&P 500 had risen by 7 percent, and the Dow Jones gained 7.8 percent.
Markets around the world began to bounce back, with Japan’s benchmark increasing by over 9 percent.
Truth Social message from Trump raises eyebrows hours before he announced 90-day pause on tariffs
Hours before announcing the tariff pause, Trump posted on Truth Social, saying, “THIS IS A GREAT TIME TO BUY!!! DJT.”
Many saw this message as suspicious, given the context of the market turmoil and his impending announcement.
Critics have suggested that this could be an attempt to manipulate the market for personal or political gain.
Democratic Representative Mike Levin from California pointed out the potential implications of Trump’s timing.
“This is market manipulation at its worst,” he concluded.
He tweeted that Trump’s post came just before a significant market shift, accusing him of market manipulation.
Levin argued that small investors who reacted to Trump’s advice could face losses while those with insider knowledge might profit.
“This is market manipulation to help his base profit. How is this legal or OK?”
Reactions to the post and market moves
The response to Trump’s post has been overwhelmingly negative among some lawmakers and members of the public.
Many expressed concerns over the legality and ethics of his actions.
One user commented that Trump seemed to be intentionally tanking the markets to benefit wealthy investors.
This sentiment was echoed by others who called for investigations into potential market manipulation.
Treasury Secretary Scott Bessent defended the administration’s actions, stating that the pause in tariffs was not influenced by the market’s reaction.
He emphasized that the decision was made to prevent further economic instability.
Meanwhile, Senate Minority Leader Chuck Schumer suggested that the pause was a sign of Trump retreating from his aggressive stance.
Investors faced uncertainty after Trump’s claims.
As the stock market began to recover, many investors left wondering how to navigate the situation.
Those who took Trump’s advice and bought stocks during the chaos might have benefited from the subsequent rise.
However, those who sold out of fear during the initial downturn likely faced significant losses.
This situation emphasizes the volatility of the market and how quickly it can change based on political actions and statements.
Some analysts worry that such behavior from a former president can undermine public confidence in the markets.