{"id":184209,"date":"2025-04-14T12:27:02","date_gmt":"2025-04-14T12:27:02","guid":{"rendered":"https:\/\/peraltafinancing.com\/alabama\/rep-sewell-demands-accountability-for-potential-market-manipulation\/"},"modified":"2025-04-14T12:27:02","modified_gmt":"2025-04-14T12:27:02","slug":"rep-sewell-demands-accountability-for-potential-market-manipulation","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=184209","title":{"rendered":"Rep. Sewell demands accountability for potential market manipulation"},"content":{"rendered":"


\n<\/p>\n

\n

Friday, April 11, Ways and Means Oversight Subcommittee Ranking Member Terri A. Sewell, AL-07, and Congressman Steven Horsford, NV-04, led a letter<\/span><\/a> with Ways and Means Democrats demanding accountability for President Trump\u2019s reversal of \u201creciprocal tariffs\u201d planned for 57 countries just hours after he posted on social media that \u201cTHIS IS A GREAT TIME TO BUY!!! DJT.\u201d Trump\u2019s later tariff announcement caused the U.S. stock market to spike, raising widespread concerns of market manipulation.<\/span><\/p>\n

\u201cDonald Trump\u2019s chaotic trade actions have thrown the global economy into turmoil, and working-class Alabamians are hurting,\u201d\u00a0said Oversight Subcommittee Ranking Member Terri Sewell.\u00a0\u201cThe American people deserve to know if any of Trump\u2019s billionaire friends knew about the tariff pause before it was announced and profited off Trump\u2019s policies that are hurting everyday Americans.\u201d<\/span><\/p>\n

\u201cThis administration claims their tariff pause was all part of their plan, and also claims the pause wasn\u2019t market manipulation \u2013 it\u2019s hard to believe both are true,\u201d\u00a0said Rep. Horsford.\u201cMy constituents in Nevada, and every single American, deserve to know who is benefiting and how they are benefitting from the market turmoil that\u2019s harming so many working-class people and families right now.\u201d<\/span><\/p>\n

Sewell and Horsford\u2019s letter, which is addressed to the President, the Office of the United States Trade Representative, the U.S. Department of Treasury, the U.S. Department of Commerce and the Securities and Exchange Commission, requests key details within 15 days that would clarify if market manipulation was a factor, and provide insights into the planning involved in the policy reversal. Specifically, the letter requests:<\/span><\/p>\n

    \n
  1. A timeline of deliberations regarding the tariffs;<\/span><\/li>\n
  2. Any documentation or correspondence shared with the White House or Executive Office of the President regarding the timing of the tariffs, and a list of who was informed about tariff plan changes;<\/span><\/li>\n
  3. Any communications between the USTR and financial institutions, private investors or public relations personnel in the 72 hours before and after the April 9<\/span>\u00a0announcement;<\/span><\/li>\n
  4. A description of the role the Department of Commerce played in coordinating tariff policy;<\/span><\/li>\n
  5. A description of the role the Department of the Treasury played in the interagency process leading up to the April 9<\/span>\u00a0delay announcement;<\/span><\/li>\n
  6. Information about any securities purchased or sold by the President, Chair of the SEC, or any Cabinet Member between when reciprocal tariffs were announced on April 2<\/span>\u00a0through April 10<\/span>\u00a0\u2013 including a description, purchase price, and\/or sale price of each security.<\/span><\/li>\n<\/ol>\n

    \u00a0<\/span>Full text of the letter is available\u00a0here<\/span><\/a>.<\/span><\/p>\n

    \n\t\t\t<\/div>\n\n","protected":false},"excerpt":{"rendered":"

    Friday, April 11, Ways and Means Oversight Subcommittee Ranking Member Terri A. Sewell, AL-07, and Congressman Steven Horsford, NV-04, led a letter with Ways and Means Democrats demanding accountability for President Trump\u2019s reversal of \u201creciprocal tariffs\u201d planned for 57 countries just hours after he posted on social media that \u201cTHIS IS A GREAT TIME TO […]<\/p>\n","protected":false},"author":1,"featured_media":158770,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11763],"tags":[14930,35192,27435,11209,72596,12732,22088,12601,36510,36511],"dealstore":[],"offerexpiration":[],"class_list":["post-184209","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-alabama","tag-accountability","tag-demands","tag-manipulation","tag-market","tag-market-manipulation","tag-potential","tag-president-donald-trump","tag-rep","tag-rep-terri-sewell","tag-sewell"],"yoast_head":"\nRep. 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Sewell, AL-07, and Congressman Steven Horsford, NV-04, led a letter with Ways and Means Democrats demanding accountability for President Trump\u2019s reversal of \u201creciprocal tariffs\u201d planned for 57 countries just hours after he posted on social media that \u201cTHIS IS A GREAT TIME TO […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fivemor.com\/?p=184209\" \/>\n<meta property=\"og:site_name\" content=\"Som2ny Network\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-14T12:27:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/03\/1743037513_477739413_1182094173285960_3385031372186707151_n-e1741781171613.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1934\" \/>\n\t<meta property=\"og:image:height\" content=\"1085\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/fivemor.com\/?p=184209#article\",\"isPartOf\":{\"@id\":\"https:\/\/fivemor.com\/?p=184209\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/fivemor.com\/#\/schema\/person\/b85e3c3dc0e1daea076524dc8810c371\"},\"headline\":\"Rep. 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