Pam Bondi Sold Over $1M in Shares The Same Day Trump Tariffs Were Announced [View all]
Source: Newsweek
Published May 15, 2025 at 3:33 AM EDT | Updated May 15, 2025 at 7:28 AM EDT
Attorney General Pam Bondi sold more than $1 million worth of shares the day President Donald Trump announced sweeping tariffs on U.S. trading partners.
According to financial disclosures first reported by ProPublica and seen by Newsweek, Bondi sold between $1 million and $5 million worth of shares in Trump's social media company, Trump Media & Technology Group, on April 2. Newsweek contacted the Department of Justice by website form for comment outside normal business hours.
Why It Matters
On April 2, which Trump dubbed "Liberation Day," the president announced tariffs on countries all over the world, causing stock markets to plummet. Along with a 10 percent "baseline" tariff on almost all imported goods, Trump introduced "reciprocal" tariffs on some trading partners, such as 20 percent on the European Union and 26 percent on India.
One week later, following the markets' negative reaction, Trump announced a 90-day pause on reciprocal tariffs while maintaining the baseline rate. On his Truth Social platform, hours before announcing the pause in tariffs, Trump wrote: "THIS IS A GREAT TIME TO BUY!!! DJT." The moves have garnered criticism, with some Democrats accusing the president of market manipulation, though there is no evidence to support this claim.
Read more: https://www.newsweek.com/pam-bondi-sold-shares-trump-media-same-day-tariffs-announced-2072543
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