President Donald Trump's stock trades have raised red flags with legal observers numerous times — but there's a new revelation from the president's more than 900-page financial disclosure this week that shows something especially alarming, MS NOW's Jen Psaki said on Wednesday evening.
Specifically, stock purchases timed to some of Trump's most controversial tariff policies, later struck down by the Supreme Court, recontextualize the whole reason he may have enacted and adjusted these tax policies when he did.
"Do you remember last year, when Trump announced his massive across-the-board tariffs ... he called it Liberation Day?" said Psaki, a former White House press secretary. "It actually led to a stock market crash. That Liberation Day announcement was on April 2 last year, and Trump's financial disclosures show that he made 327 stock purchases 6 days later on April 8, while the stock market was down."
Those trades, noted Psaki, "vary in size from the ones of $15,000 range all the way up to the $100,000 to $250,000 range" — representing massive amounts of money in total.
"The next morning, just after the market opened, he told his followers on Truth Social quote, 'THIS IS A GREAT TIME TO BUY!' in all caps, obviously," said Psaki. Then, just "hours" after that post, he announced a "pause" on the tariffs, "and the stock market had a historic rally, so historic in fact, it represented the biggest single day gain in the history of the Bloomberg Billionaires' Index."
Trump was asked about these trades at the time, noted Psaki, and said, "I'm profiting because the stock market is going up, everybody's profiting."
The worst part, said Psaki, is that that is just the "tip of the iceberg," as it still pales in comparison to the sheer magnitude of profit the Trump family is making off of poorly-regulated cryptocurrency ventures.