News

In the hours before President Donald Trump announced a 90-day partial pause on a slew of new tariffs on foreign goods, he said on social media that it was a " great time to buy ."

One of his loudest allies in Congress was already poised to benefit.

A disclosure made public on Monday said Rep. Marjorie Taylor Greene poured between $21,000 and $315,000 into the stock market on Tuesday and Wednesday, investing in 17 companies, including Apple, Elon Musk's Tesla, Nvidia , and Palantir.

Members of Congress are only required to disclose the ranges of their purchases — Greene made 21 different stock purchases, each valued between $1,000 and $15,000.

Trump's tariff pause announcement sent markets soaring on Wednesday, and anyone who purchased stocks in the final hours or days before Trump's post would have seen significant gains on paper.

Greene has said that she doesn't control her trades, telling Business Insider in a statement on Friday that she signed a "fiduciary agreement to allow my financial advisor to control my investments."

"All of my investments are reported with full transparency," Greene added.

The congresswoman's office did not respond to a follow-up question on Monday about whether she had advanced knowledge of Trump's tariff pause. In the wake of the market rebound, Democrats have suggested that Trump and his allies may have benefited from market manipulation.

There is no evidence to suggest this took place, but more could emerge from disclosures in the coming weeks. Members of Congress and executive branch officials are required to file disclosures within 45 days of making a transaction.

So far, Greene is the only member of Congress known to have bought stocks after markets tanked following Trump's initial "Liberation Day" tariff announcements. On top of these latest trades, Greene invested up to $285,000 in 17 companies on April 3 and 4.

Read the original article on Business Insider