Jordan Belfort, from ‘Wolf of Wall Street,’ speaks out about Trump’s tariffs in the US

The recent tariff turmoil initiated by President Donald Trump has left many critics questioning his actions. Jordan Belfort, famously known as the ‘Wolf of Wall Street’ and portrayed by Leonardo DiCaprio in the hit movie, has weighed in on the situation. Belfort believes that Democrats criticizing the President for his remarks are merely trying to score political points with the media and their party.

Belfort adamantly insists that there is no way Trump could be guilty of insider trading or market manipulation, despite allegations from opponents. After Trump’s statement on social media claiming it was a “great time to buy” shares, just four hours before the stock market surged when tariffs were paused, many were suspicious. However, Belfort argues that since the information was shared publicly on social media, it doesn’t constitute insider trading by giving an unfair advantage to a select few.

In an interview with Sky News, Belfort explained, “I personally don’t find it overly suspicious. Especially since he’s told it to everybody at once. If he hadn’t said anything and told five of his best friends, ‘I’m gonna ease this tariff situation – you should be buying,’ that would be illegal.” Insider trading is a serious offense that involves using privileged information to manipulate stock prices for personal gain.

The ‘Wolf of Wall Street’ emphasized that President Trump’s advice to buy during market downturns is not uncommon. Belfort highlighted that it is a well-known investment strategy to buy low and sell high, a principle the President has reiterated on multiple occasions. Treasury Secretary Bessent has also given similar advice in the past, indicating that it is a fundamental tactic in the investing world.

Following the market’s turbulent response to Trump’s statements and the subsequent tariff implications, global markets experienced a sharp decline. Investors grappled with uncertainty in response to the fluctuating tariffs and their potential impact on the economy. Belfort’s assertion that the President’s actions weren’t necessarily suspicious sheds light on the nuances of market dynamics amidst political decisions.

While critics continue to question Trump’s methods and decisions, Belfort’s insights provide a unique perspective on the intricacies of the stock market. As political tensions rise and economic uncertainties persist, understanding the motivations behind market movements becomes increasingly critical. Belfort’s analysis illuminates the complexities of market behavior in response to political actions, offering valuable insights for investors and observers alike.