Stocks

Trump Cabinet Members Sold Millions in Stock Before Tariff Crash

By Donald Shaw,

Published on May 19, 2025   —   3 min read

RFKPam Bonditariffs
 U.S. Secretary of Health and Human Services Robert F. Kennedy Jr. testifies before the Senate Committee on Health, Education, Labor, and Pensions on Capitol Hill on May 14, 2025. (Photo by Anna Moneymaker/Getty Images)

Summary

Several Democrats have called for investigations into insider trading by Trump's cabinet.

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At least two members of Trump’s cabinet sold substantial stock holdings just before and on the day of the president’s surprise April 2 tariff announcement that shook global markets and triggered a $2.4 trillion sell-off. Attorney General Pam Bondi divested millions in assets on the day Trump announced the “Liberation Day” tariffs, while Secretary of Health and Human Services Robert F. Kennedy Jr. sold stocks on the days leading up to it, according to recently filed disclosures with the Office of Government Ethics. 

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