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Marjorie Taylor Greene’s Timely Trades Preceded Market Dip Following Tariff Announcement
Washington, D.C. – US Representative Marjorie Taylor Greene reportedly engaged in significant financial transactions just days before former President Donald Trump’s tariff announcement triggered a downturn in the stock market. Financial disclosures indicate the Republican congresswoman made a series of investments in mid-March, raising questions about the timing of these moves relative to the subsequent market volatility.
Strategic Investments in Treasury Bills
Between March 16th and 24th, Greene, a vocal supporter of Donald Trump, executed 15 investments. Notably, her largest financial maneuvers involved deploying substantial sums, totaling between $300,000 and $750,000, into United States Treasury Bills (T-Bills). These short-term government securities are generally considered a safe haven investment, known for their low-risk nature.
- Investments spanned from March 16 to March 24.
- Focused heavily on US Treasury Bills.
- Total T-Bill investment between $300,000 and $750,000.
Low-Risk Strategy Before Market Uncertainty
Treasury Bills, while offering potentially modest returns compared to more volatile assets like stocks, are favored by investors seeking to minimize risk. Their inherent safety makes them an attractive option during periods of anticipated economic instability or market corrections. Greene’s allocation to T-Bills could be interpreted as a move to safeguard capital amidst growing uncertainty in the financial markets.
Smaller Investments in Major Companies
Alongside her large T-Bill purchases, Greene also made smaller investments, ranging from $1,000 to $5,000 each, in prominent corporations. These companies include:
- Apple Inc.
- AbbVie Inc.
- Costco Wholesale Group.
‘Liberation Day’ Declaration and Market Reaction
These investment activities occurred in the days leading up to what Trump termed his ‘Liberation Day’ declaration. During this announcement, Trump asserted that international trade and economic practices constituted a national emergency, signaling a major shift in US trade policy.
Representative Greene’s largest investments were in US Treasury Bills.
Former President Trump’s ‘Liberation Day’ announcement detailed new tariff policies.
Details of the Tariff Announcement
Speaking from the White House Rose Garden, Trump detailed his plan to impose tariffs. The key elements of the policy included:
- A minimum 10 percent tariff on all goods imported into the US.
- Additional reciprocal tariffs on over 90 countries, aimed at rebalancing trade deficits.
- Reciprocal tariffs defined as rates necessary to equalize bilateral trade imbalances.
Stock Market Plunge Follows Tariff News
The immediate aftermath of Trump’s tariff announcement saw a significant downturn in stock values. Key market indicators experienced sharp declines:
- Dow Jones Industrial Average: Dropped over 250 points instantaneously.
- S&P 500: Fell by 100 points.
- Nasdaq Futures: Decreased by more than 400 points.
As of Saturday evening, the Dow Jones index had declined by 2,339 points, reflecting sustained market anxiety following the policy announcement.
Greene’s Endorsement of Trump’s Trade Policy
Representative Greene has publicly voiced her support for President Trump’s tariff measures. She described the new policies as ‘more than acceptable’ and expressed agreement with their underlying principles.
Greene defended Trump’s tariff decisions as fair and beneficial for America (pictured: Greene at Trump’s Liberation Day address).
Greene’s Defense of Tariffs
In an interview with podcaster Alec Lace on ‘Liberation Day’, Greene commented, ‘I think President Trump is extremely generous. Reciprocity is fair.’ She further stated, ‘The tariffs that he’s charging on most of these countries are half of what they’re charging us. President Trump is doing the right thing for the American people and I don’t think any other country can complain.’
Contrasting Fortunes: Pelosi’s Market Losses
While Greene appears to have strategically positioned her investments before the market downturn, reports indicate that Democratic figures experienced financial losses. Former House Speaker Nancy Pelosi reportedly saw a significant decrease in her net worth as Wall Street experienced its most challenging day since the COVID-19 pandemic-induced market crash.
Pelosi’s Estimated Financial Impact
Chris Kardatzke, co-founder of stock market data website Quiver, told DailyMail.com, ‘Nancy Pelosi’s net worth has fallen by approximately $7 million since Tuesday, per our estimates.’ This highlights the contrasting financial outcomes for political figures amidst recent market fluctuations influenced by policy changes and global economic events.