President Donald Trump and Sen. Elizabeth Warren (Getty Images)
The White House slammed calls for investigations into market manipulation last week in comments provided to Fox Digital that accused Democrats of playing "partisan games."
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"It is the responsibility of the President of the United States to reassure the markets and Americans about their economic security in the face of nonstop media fearmongering. Democrats railed against China’s cheating for decades, and now they’re playing partisan games instead of celebrating President Trump’s decisive action yesterday to finally corner China," White House spokesman Kush Desai said in comment to Fox Digital when asked about Democrats claiming Trump manipulated the market.
Sen. Elizabeth Warren asks questions during a Senate Finance Committee hearing on March 16, 2023, on Capitol Hill. (AP Photo/Jacquelyn Martin, File)
Trump, ahead of pausing the reciprocal tariffs on Wednesday of last week, posted to Truth Social, "BE COOL! Everything is going to work out well. The USA will be bigger and better than ever before!" and "THIS IS A GREAT TIME TO BUY!!! DJT." The president had previously said he would not pause tariffs but was open to negotiating with other nations.
Trump paused only the higher, customized tariffs he placed on nations that historically installed trade barriers on U.S. goods, with nations across the world instead facing a lower 10% tariff on goods, as the Trump administration and world leaders hash out negotiations for the reciprocal tariffs.
China, however, was not part of the tariff pause and was instead hit with a higher 125% tariff after retaliating with its own additional tariffs against the U.S.
Warren continued in her remarks that tariffs can "be an important tool in the toolbox when used in targeted ways," but accused Trump of spreading "chaos" through the implementations of his tariff plans.
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"Right now, what we have got is chaos and corruption. Donald Trump has imposed a tariff on everyone everywhere, on all products. That's the 10% tariff. Of course, it was much higher earlier in the week, and now in this trade war with China that basically tries to shut down all trade," she said.
https://www.foxnews.com/politics/warren-demands-sec-investigate-trump-insider-trading-accuses-him-unleashing-chaos-tariffs