Bondi Sold More than $1 Million in Trump Media Stock the Day Trump Announced Sweeping Tariffs

[Nevilledog]

https://www.propublica.org/article/pam-bondi-trump-media-stock-tariffs

Attorney General Pam Bondi sold between $1 million and $5 million worth of shares of Trump Media the same day that President Donald Trump unveiled bruising new tariffs that caused the stock market to plummet, according to records obtained Wednesday by ProPublica.

Trump Media, which runs the social media platform Truth Social, fell 13% in the following days, before rebounding.

Trump’s “Liberation Day” press conference from the White House Rose Garden unveiling the tariffs came after the market closed on April 2. Bondi’s disclosure forms showing her Trump Media sales say the transactions were made on April 2 but do not disclose whether they occurred before or after the market closed.

Trades by government officials informed by nonpublic information learned through work could violate the law. But cases against government officials are legally challenging, and in recent years judges have largely narrowed what constitutes illegal insider trading.

It’s unclear from the public record whether Bondi as attorney general would have known in advance any nonpublic details about the tariffs Trump was announcing that day. Trump, of course, publicly announced his plans to institute dramatic tariffs during the election campaign. But during the first weeks of his term, the market seemed to assume his campaign promises were bluster.

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