Trump sold $2.4B in stock before announcing tariffs—now tanking the market to buy low and profit at everyone’s expense.

Question

He sold $2.4B in stock before announcing tariffs—now tanking the market to buy low and profit at everyone’s expense.

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Let’s be clear. He sold $2.4 billion of his stock the day before he announced tariffs. He’s now crashing the stock market deliberately. He will then buy stock when it’s fallen through the floor. All this is is him stiffing everyone to get richer. That’s it.

Answer 1

The claim that Trump sold $2.4 billion in stock the day before he announced tariffs, intentionally causing the stock market to crash so he could profit seems to have no factual basis. For back round insider trading is illegal, as well more U.S presidents tend to place there assets in a blind trust, while Trump did not do this he also does not manage his assets. The claim being stated is originated from social media specifically Emma Kennedy, it does not have any financial documentation or cite anything official. There is no credible evidence that supports or any reports that prove trump selling any stock around that time. Both websites like Snopes and Forbes have not verified and Trumps stocks have never been anywhere close to 2.4 billion dollars. There is no evidence to support the claim and no schedule 13D that was filed that would've been required. The only counter evidence would be that Trumps official financial disclosures from 2020 do not list significant holdings in public stocks. The final verdict is that this claim is false.

Sources:

https://extapps2.oge.gov/201/Presiden.nsf/PAS+Index/181BAF52E298FD70852585B70027E054/$FILE/Trump,%20Donald%20J.%202020Annual%20278.pdf

https://www.sec.gov/submit-filings

https://www.forbes.com/sites/danalexander/article/the-definitive-networth-of-donaldtrump/

https://www.snopes.com/collections/trump-tariffs-rumors/

Comments

I feel like your response is very valid. You took a strong piece of propaganda and showed us the facts. The claim is easily believable given the current status of the stock market but with zero evidence to back it up your response is very strong.

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I really like the amounts of sources you used especially for a very layered and complicated answer it requires the proper amount of sources. I also liked that you used numbers and hard facts from those sources, it builds a certain amount of strength and reliability to your answer. I would say the only thing that could improve this answer would be to source each fact or statement you make after you make it in the paragraph to more quickly understand what is fact and what is analysis.

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I thought this was a very detailed and resourceful comment giving different resources to support the argument! I really liked how there were more professional websites (.gov) and also more news opinionated articles like Forbes to continue supporting the detail.

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I like this answer, accusing a man who has a massive business background (Like him or not) of fraud and conspiracy really can't be verified without solid evidence leading to conviction.

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I found this fact-check to be very thorough and informative, given that you made sure to give a variety of resources to back up the argument. It's important to use unbiased and reputable sources like .gov websites. Its important to address such a strong claim with lots of research and thought, which you clearly have done.

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Given the amount of information and sources provided, it is clear that this claim isn't just an opinion. The 4 different sources, it has helped my perspective on the situation with where I stand on it.

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You make a few great points in this response, the claim of 2.4b in stock seems ridiculous given he has a net worth of 4.1b. I like that you used the history of his portfolios to disprove that he even owns that much in stocks. This claim seems to be completly false and your way of disproving it hit every point with substance. Insider trading as you mentioned would not go unnoticed on such a large scale and definitely wouldnt be from the president.

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I think your use of evidence and overall argument are really strong, especially the way you utilized the Public Financial Disclosure Report and other statistics. Referencing this kind of data helps support your claim because you're using an official document from the government.