Horsford Leads Effort for Democratic Accountability on Tariff-Driven Market Manipulation

Congressman Steven Horsford of Nevada and Congresswoman Terri Sewell of Alabama are leading an inquiry demanding accountability from the Trump Administration for its sudden reversal of tariffs planned for 57 countries. This decision came shortly after President Trump encouraged people to buy, resulting in a significant rally in the U.S. stock market. Many are concerned that this may constitute market manipulation for those who made decisions based on the President’s social media post.

Horsford expressed skepticism about the administration’s claims regarding the tariff pause, stating that it is challenging to believe their assertion that this action was part of a preconceived plan and not an act of market manipulation. He emphasized that it is crucial for the American people to understand who benefits from the market turmoil that is negatively impacting working-class individuals and families across the country.

In response to these concerns, Horsford and Sewell penned a letter addressed to various government agencies, including the President, the Office of the U.S. Trade Representative, the Department of Treasury, the Department of Commerce, and the Securities and Exchange Commission. The letter requests specific details within a 15-day timeline to shed light on whether market manipulation played a role in the tariff policy reversal and to provide transparency regarding the decision-making process. The information requested includes a timeline of discussions on the tariffs, any relevant documentation shared with the White House, communications with financial institutions, and details about securities transactions involving top government officials.

Horsford underscored the importance of holding the administration accountable and ensuring transparency in the decision-making processes. By posing these questions, he aims to not only seek answers but also to vindicate the administration if indeed no foul play was involved. The Congressman emphasized the need for clarity and openness to dispel any suspicions of wrongdoing.

The letter to the President and relevant agencies follows a heated exchange between Horsford and the U.S. Trade Representative during a congressional hearing. The Trade Representative was caught off guard when he learned in real-time that the tariffs he was discussing had been unexpectedly halted by the President. This incident further highlighted the lack of coordination and communication within the administration and underscored the influence of wealthy stakeholders over policy decisions.

In conclusion, Horsford’s efforts to investigate the tariff reversal and seek accountability from the administration reflect a broader push for transparency and ethical governance. By asking critical questions and demanding clarity, he hopes to ensure that the interests of the American people are safeguarded and that policymaking is conducted with integrity and fairness.