A Big Secret: Officials Sold Stocks Before Tariffs Announced 🎩📉

Hey there! Have you ever heard about the stock market? 📊 It’s like a big game where people buy and sell pieces of companies, called stocks. Sometimes, news can make stock prices go up or down. 🚀📉

Well, here’s an interesting story! According to a news report, some important people in the U.S. government sold their stocks just before President Donald Trump announced some big new taxes on things coming from other countries, called tariffs. 🌐💰

When these tariffs were announced, the stock market went down, and many people lost money. But those officials who sold their stocks before the announcement didn’t lose money because they sold before the prices dropped! 😲💸

The report says that over a dozen senior officials sold their stocks right before the big news. This included people from the State Department and others who help make trade policies. They sold lots of dollars in stocks just before April 2, when the tariffs were announced. 🗓️

Some people are concerned because using secret information to trade stocks might be unfair. Using special information that others don’t have to make money in the stock market is called insider trading, and it’s against the rules. 🚫⚖️

What do you think about this? Should officials be allowed to trade stocks when they have special information before everyone else? 🤔

Reference(s):

Media: Some U.S. officials sold stocks before Trump announced tariffs

cgtn.com