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Trump's Tariffs Spark Market Plunge, Democrats Demand Investigation

4/21/2026

34 4 Full Breakdown

Summary

Story summary

U.S. President Donald Trump announced tariffs on April 2, 2025, triggering a market plunge before traders reportedly bet millions ahead of statements.
The 90-day pause followed, leading to a 9.5% rise in the S&P 500.
Senate Democrats urged investigations into unusual trading patterns surrounding Trump's statements.
Minnesota Governor Tim Walz accused Trump of insider trading as oil prices rose amid U.S.-Iran tensions.

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Story summary

U.S. President Donald Trump announced tariffs on April 2, 2025, triggering a market plunge before traders reportedly bet millions ahead of statements.
The 90-day pause followed, leading to a 9.5% rise in the S&P 500.
Senate Democrats urged investigations into unusual trading patterns surrounding Trump's statements.
Minnesota Governor Tim Walz accused Trump of insider trading as oil prices rose amid U.S.-Iran tensions.