Precise bottom-fishing? Key figures in the U.S. Republican Party buy shares of Apple, Amazon, etc. before Trump suspends reciprocal tariffs
Before Trump suspended the reciprocal tariffs, Georgia Congresswoman Marjorie Taylor Greene actively bought multiple U.S. stocks, including Apple, Amazon, and Adobe. In trades on April 8 and 9, she purchased shares of several companies, and these stocks rose after the tariff suspension. Additionally, Greene made multiple purchases during downturns in the U.S. stock market, demonstrating her active investment strategy
According to Zhitong Finance APP, before U.S. President Trump announced the suspension of the so-called "reciprocal tariffs" on certain countries, prominent Republican figure and Georgia Congresswoman Marjorie Taylor Greene bought more U.S. stocks, most of which surged strongly after Trump's announcement to suspend tariffs. According to a congressional trading form submitted by Greene, she purchased shares of several listed companies on April 8 and 9, including Adobe (ADBE.US), Apple (AAPL.US), Amazon (AMZN.US), and AMD (AMD.US).
Greene also bought shares of Applied Materials (AMAT.US), ASML (ASML.US), Blackstone (BX.US), Cummins (CMI.US), Devon Energy (DVN.US), FedEx (FDX.US), JP Morgan (JPM.US), Lululemon (LULU.US), Merck (MRK.US), Nike (NKE.US), NVIDIA (NVDA.US), Palantir (PLTR.US), Qualcomm (QCOM.US), Southern Copper (SCCO.US), and Tesla (TSLA.US). The form also indicated that she purchased U.S. Treasury bonds worth between $50,000 and $100,000.
It is noteworthy that Greene has been active in buying U.S. stocks. A congressional trading form disclosed earlier this month showed that from April 3 to 4, Greene bought shares of several companies, including Apple, Amazon, Berkshire Hathaway (BRK.A.US), and Dell Technologies (DELL.US), during a downturn in the U.S. stock market. Additionally, during the decline of U.S. stocks in March, she disclosed several stock purchases. In December 2024 and January 2025, just a week after President Trump's inauguration, she also made stock purchases.
U.S. stocks experienced significant volatility last week due to Trump's fluctuating tariff policies. Trump's so-called "reciprocal tariffs" took effect at midnight local time on April 9. On that morning, Trump posted on social media: "This is a great time to buy! DJT (which is both Trump's name abbreviation and the stock code for Trump Media & Technology Group)." That afternoon, Trump announced the suspension of "reciprocal tariffs" on certain countries, which led to a violent rebound in U.S. stocks that day, with Trump Media & Technology Group's stock price significantly outperforming the market.
Afterward, discussions regarding "Trump's involvement in manipulating the stock market and insider trading for profit" continued to escalate. Democratic congressional members have criticized and questioned whether there was any space or motive for insider trading behind Trump's decisions.
Some scholars studying corruption in the U.S. government believe that Trump's actions typically trigger investigations by the U.S. Securities and Exchange Commission (SEC). Several Democratic senators, including Senate Minority Leader Schumer, have jointly written to the SEC, requesting an investigation into whether Trump, his cabinet members, donors, insiders, or government officials "had prior knowledge of the decision to suspend the tariff increases," and whether they engaged in insider trading, market manipulation, or other violations of securities laws