Us Senators Urge Insider Trading Probe Into Trump's Tariff Reversal

A group of United States senators has called on the country's financial regulator to investigate whether President Donald Trump or his inner circle violated securities laws ahead of his surprise reversal on global tariffs, which sparked a stock market rally.

Six Democratic senators, led by prominent Massachusetts lawmaker Elizabeth Warren, wrote to the Securities and Exchange Commission SEC on Friday, urging an inquiry into potential insider trading and market manipulation.

Their appeal follows a post on Trump's social media platform, Truth Social, early on Wednesday, in which he wrote: "THIS IS A GREAT TIME TO BUY!!!" Just hours later, he announced a 90-day suspension of planned tariffs affecting dozens of countries. The unexpected move triggered a surge on Wall Street, with the S P 500 enjoying its best single-day gain since the 2008 financial crisis recovery.

They asked the watchdog to examine whether individuals close to the president, including his family, had prior knowledge of the announcement and exploited it to carry out profitable trades before it was made public.

Trump signed off his Truth Social message with "DJT" - his initials and the stock market ticker symbol for Trump Media Technology Group, his media company, whose shares soared by more than 21 percent following the post.