Democrats Accuse Trump and His Allies of Profiting Off of Tariff Flip

The White House dismissed the Democrats’ call for an investigation as “partisan games.”

Sen. Adam Schiff

Aaron Schwartz/Sipa USA via AP

Democrats want to know whether President Donald Trump and his GOP allies financially benefited from implementing and then pausing recent tariffs — a move some said was effectively insider trading.

“It happened in front of our eyes,” Sen. Ruben Gallego told NOTUS. “This hurt the economy in the end. People on Main Street are going to see the slowdown [of] the economy. You’re going to have layoffs happening. You’re going to have higher costs.”

Gallego and Sen. Adam Schiff sent a letter Thursday to the White House chief of staff and the U.S. Office of Government Ethics requesting an “urgent inquiry” into whether Trump, his family and other members of his administration engaged in “illegal financial transactions informed by advanced knowledge of non-public information regarding his changes to tariff policy.”