Markets soared. Retirement accounts surged. But the Left still wants an investigation.
New York Attorney General Letitia James is launching a new probe targeting President Donald Trump, this time over his surprise move to pause reciprocal tariffs—a policy decision that led to a powerful surge across the stock market.
Fox News Digital confirmed that James is in the preliminary review phase, exploring whether any insider trading occurred after Trump’s tariff-related Truth Social posts sent U.S. markets climbing sharply.
📈 Tariff Pause Boosted Retirement Accounts and Investor Confidence
On April 9, President Trump’s America First trade policy took another bold step. His reciprocal tariffs went into effect, penalizing countries that had long blocked American goods with unfair trade barriers. Later that day, he announced a 90-day pause for key allies—but not for China, which received a stiff 125% tariff.
Before the pause was announced, Trump posted:
- “BE COOL! Everything is going to work out well.”
- “THIS IS A GREAT TIME TO BUY!!! DJT”
The result?
- 🟢 Dow Jones: +7.9%
- 🟢 S&P 500: +9.5%
- 🟢 NASDAQ: +12.2%
For older Americans managing 401(k)s, IRAs, or investment portfolios, this was a massive gain—especially amid ongoing inflation concerns and global market instability.
👀 Democrats Smell Blood—Push for Investigation
Despite the gains for everyday investors, Democrats are pushing claims of insider trading. Sen. Elizabeth Warren (D-Mass.) told CNN the SEC should investigate whether Trump or those around him had advance notice.
Meanwhile, Reps. Adam Schiff and Ruben Gallego sent a letter demanding further inquiry.
But is this about justice—or political revenge?
💬 Trump White House Responds: “Partisan Games”
“For years, Democrats condemned China’s unfair trade practices—now they’re turning a blind eye and playing political games instead of recognizing President Trump’s bold leadership,” said White House spokesperson Kush Desai in a statement to Fox News.
He emphasized that reassuring the markets is the President’s duty—especially as the media continues to sow fear about inflation, recession, and global uncertainty.
🔍 Letitia James’ Long History of Anti-Trump Legal Warfare
Letitia James is no stranger to using her office to attack political opponents.
Back in 2018, she campaigned on a promise to “get Trump.” She’s followed through—launching nearly 100 legal actions against him during his first term.
After Trump’s reelection in 2024, she doubled down.
“We are prepared to fight back once again,” she said, invoking the “rule of law” as justification for continuing legal assaults.
Her office is now invoking the 1921 Martin Act, a powerful New York law that allows broad investigations into securities fraud—even without evidence of intent. This law enables her office to:
- Subpoena witnesses
- Demand financial records
- File civil or criminal charges
🧓 What This Means for Seniors and Retirees
For Americans over 50, especially those planning for retirement or living on fixed incomes, Trump’s economic policies have been a lifeline in turbulent times.
- Lower taxes.
- Stronger markets.
- Tougher trade stances that protect U.S. industries and jobs.
Yet instead of applauding record gains, Democrats are focused on tearing him down—again.