Elections

Marjorie Taylor Greene Capitalizes on Stock Market Chaos Amid Trump Tariff Policy

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Main image to the post Marjorie Taylor Greene Capitalizes on Stock Market Chaos Amid Trump Tariff Policy

Marjorie Taylor Greene, a Republican congresswoman and ardent supporter of Donald Trump's trade policies, took advantage of the recent stock market downturn by purchasing shares in several large companies. Following the chaos instigated by the President's global tariffs, Greene targeted stocks from well-known brands such as Lululemon, Dell Computer, and Amazon, which experienced an average drop of about 40 percent.

On social media, President Trump suggested that it was an optimal time to invest, a message that Greene seems to have heeded. According to documents reviewed by The Associated Press, while the exact amounts Greene spent on the stocks were not disclosed, there were indications of positive gains shortly after her purchases, with the stock of RH (formerly Restoration Hardware) rising significantly since she acquired it.

Additionally, Dell's stock saw a 9 percent increase after she made her investment, recovering from a major decline in value. Greene’s stock trading has sparked discussions about ethical concerns, as both parties have put forth legislation to prohibit lawmakers from buying stocks that could be influenced by their political roles. In response to inquiries about her investments and any potential conflicts of interest, Greene clarified that she has entrusted her financial advisor with the management of her investments and that they are fully reported with transparency.

Moreover, her vocal support for Trump’s tariffs reflects her belief in their efficacy for safeguarding national interests. Nevertheless, some opposition members have raised suspicions about possible insider trading or market manipulation following Trump's recent and surprising change in tariff policy.

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May 21, 2023 | 05:09