Trump Ally Marjorie Taylor Greene Bought Tesla, Amazon, Blackstone Before Rally

Source: Yahoo! Finance/Bloomberg

Updated Tue, April 15, 2025 at 3:26 PM EDT


(Bloomberg) — Representative Marjorie Taylor Greene sold US Treasuries and bought stakes in Amazon.com (AMZN) Inc., Blackstone (BX) Inc. and Tesla (TSLA) Inc. the day before President Donald Trump put a 90-day pause on retaliatory tariffs and prompted a market rally. Greene, the Georgia Republican who’s a close ally of Trump, revealed the transactions in a financial disclosure last week.

Greene’s trades were executed over two days, April 8 and 9. On the morning of the 9th, Trump posted on social media that it was a “great time to buy.” About four hours later, he announced he was suspending tariffs, propelling the S&P 500 index to a 9.5% gain, its biggest rally since 2008. Greene’s office did not immediately respond to a request for comment.

Greene, one of the first lawmakers to file a disclosure since Trump announced his tariffs, is an active trader in stocks, filing eight disclosures so far this year. She’s been particularly bullish on the semiconductor and tech industries. Her sale of Treasuries, though, was the first time she’s sold after buying more than $500,000 of the government-backed securities since the beginning of 2025.

Congressional Democrats have urged investigations into whether people connected to Trump profited from the timing of the tariff announcements. In a letter to the Securities and Exchange Commission, Senator Elizabeth Warren of Massachusetts said she did not know which officials may have had advance knowledge, but called it “unconscionable” that insiders may have profited from the market volatility.

Read more: https://finance.yahoo.com/news/trump-ally-marjorie-taylor-greene-184112118.html