Booker Calls for Hearings on Potential Trump Tariff Insider Trading

Senator Cory Booker has called for Congress to hold hearings to investigate potential insider trading related to President Donald Trump's tariff policy decisions. The call comes after Trump publicly encouraged people to buy stocks before abruptly reversing course on tariffs last week.

Booker defended Democratic lawmakers' demands for investigations, emphasizing the need to examine any possibility of illegal activity. Concerns have been raised that individuals with prior knowledge of the impending tariff changes may have used this information to profit in the stock market, potentially at the expense of other investors.

"It is crucial that we determine whether anyone benefited unfairly from privileged information regarding the President's tariff policies," Booker stated. "The integrity of our financial markets depends on fair and transparent practices. These hearings will allow us to uncover any wrongdoing and ensure accountability."

The proposed hearings would likely involve testimony from government officials, financial experts, and potentially individuals suspected of insider trading. The focus would be on establishing whether any individuals had access to non-public information about the tariff policy changes and whether they used that information to make investment decisions.

The investigation aims to protect the interests of ordinary investors and maintain confidence in the fairness of the stock market. Further details regarding the scope and timing of the potential hearings are expected to be announced in the coming weeks.