Trump accused of market manipulation after reversing tariffs: Who is benefiting financially?

sparked fears of an impending economic recession. Horsford expressed frustration over the administration’s lack of a clear strategy, stating that the president’s actions had caused chaos and instability in the economy. Small businesses, working-class Americans, and retirees have all been adversely affected by the administration’s decision to impose tariffs without a comprehensive plan in place.

During the House committee hearing, Horsford questioned Greer about his knowledge of the tariff pause, indicating that the president may have acted unilaterally without consulting his advisors. Greer remained evasive, refusing to disclose his conversations with the president and stating that various options were discussed. Horsford accused the administration of engaging in market manipulation, questioning who stood to benefit from these actions. He highlighted the financial gains made by billionaires while ordinary Americans suffered from the economic fallout.

The concept of disaster capitalism, as articulated by Naomi Klein in ‘The Shock Doctrine,’ suggests that the Trump administration may be intentionally creating economic crises to benefit certain interest groups. This theory aligns with Horsford’s concerns about the administration’s motives behind their tariff decisions. The administration’s focus on catering to the wealthy elite while disregarding the struggles of average Americans has raised suspicions about their true intentions.

White House Press Secretary Karoline Leavitt dismissed criticism of the administration’s tariff policies, accusing the media of failing to understand the president’s long-term strategy. She echoed President Trump’s claims of receiving praise from foreign leaders for his tariff decisions, framing them as advantageous to the United States. However, experts have been critical of the administration’s approach, suggesting that the volatile nature of the tariff wars could have negative long-term consequences for the economy.

Despite the initial uncertainty and confusion caused by the administration’s tariff announcements, the markets responded positively to the news of the 90-day pause. Investors welcomed the temporary relief from escalating trade tensions, leading to a surge in market confidence. This temporary reprieve provided a brief respite from the economic uncertainty generated by the administration’s tariff policies.

As the debate over tariffs and trade policy continues, lawmakers and experts remain divided on the potential impact of the administration’s decisions. The concerns raised by Rep. Steven Horsford reflect broader anxieties about the administration’s approach to economic policy and its implications for ordinary Americans. The ongoing negotiations and discussions surrounding tariffs will continue to shape the economic landscape in the coming months, with both domestic and international implications at stake.