Democrats have demanded answers over whether President Donald Trump may have tipped off his allies or members of his family to buy shares hours before he reversed course on global tariffs, a move that sent stocks soaring.

Sensators Adam Schiff and Ruben Gallego directed the Office of Government Ethics to conduct “an immediate review” into whether any White House or executive branch employees — including special government employees such as Elon Musk — may have violated federal ethics laws relating to insider trading.

The senators laid out the suspicious sequence of events that played out on Wednesday in a letter to OGE acting Director Jamieson Greer and White House chief of staff Susie Wiles.

“On the morning of April 9, 2025, President Trump posted on Truth Social at 9:33 AM: ‘BE COOL! Everything is going to work out well. The USA will be bigger and better than ever before!,’” reads their letter. “The President subsequently posted at 9:37 AM: ‘THIS IS A GREAT TIME TO BUY!!! DJT.’”

Hours later, at 1:18 p.m., Trump announced on Truth Social, his social media platform, that he was imposing a 90-day pause on virtually all of the sweeping tariffs he’d put in place days before. The U.S. stock market promptly rebounded, and by the close of the day at 4 p.m., the S&P recorded a 9.5% single-day gain — the index’s largest gain since 2008.

“This sequence of events raises grave legal and ethics concerns,” said Schiff and Gallego.

President Donald Trump wrote on social media that it is "A GREAT TIME TO BUY!!!" hours before he announced he was pausing his worldwide tariffs, sending markets soaring.

They specifically note that stock in Tesla, the electric car company owned by Musk, Trump’s billionaire buddy who already has been personally enriching himself by cozying up to Trump, increased 18% immediately........

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