Even though Trump’s 90-day tariff pause gave a breather to crypto assets, the political scenario is not favourable at present. U.S. Senator Elizabeth Warren is taking a bold stand against President Donald Trump, accusing him of manipulating the markets through his erratic tariff decisions. The controversy comes as Trump’s back-and-forth on trade tariffs, especially the sudden hike on Chinese goods, sends shockwaves through the economy and financial markets.
Allegations of Corruption and Market Games
Warren has publicly called for an independent investigation into whether Trump used his unpredictable tariff announcements to benefit his wealthy Wall Street allies. According to the Senator, Trump’s actions appear to be more than just poor economic planning. She described the pattern as “corruption,” suggesting that Trump’s sudden tariff changes allowed his insider circle to make timely investments and profit off the chaos.
She specifically pointed to the sudden jump in tariffs on Chinese goods from 105% to 125%, which caught the markets off guard. At the same time, Trump temporarily paused tariffs on other countries for 90 days, calming the markets briefly before creating more confusion. Warren suspects that this pause may have been deliberately timed to let insiders “buy the dip” before prices rebounded.
Economic Turmoil Intensifies
Warren didn’t stop at the allegations. She blamed Trump’s policies for worsening economic conditions in the U.S., claiming that the “flip-flopping” on tariffs has shattered investor confidence. With manufacturing data weakening and job openings (JOLTS) data softening, fears of recession and rising inflation are growing stronger.
Markets are unstable as Trump’s unclear tariff plans leave traders and investors on edge, with Warren blaming policy inconsistency.
Calling for an End to the “Tariff Games”
From the Senate floor, Warren demanded that Congress—especially Republicans—step up and put a stop to what she calls “Trump’s tariff chaos.” She urged fellow lawmakers to end this roller-coaster approach to economic policy before it causes further damage to the American economy.
Rep. Steven Horsford also strongly criticized Trump’s sudden tariff reversal, suggesting it could be market manipulation. He questioned who benefited from the move and hinted that billionaires may have profited. His remarks echo rising concerns in Congress that Trump’s tariff flip-flop may have been timed to favor insiders, fueling market volatility. Even other senators think likewise as Trump’s policies may impact the US economy in the long run.
Former National Security Advisor John Bolton criticized Trump’s tariff plan, saying it makes no sense. He believes that instead of teaming up with allies to deal with China’s theft of ideas and technology, Trump has picked fights with other major trading partners too.
As the political and economic tensions continue to rise, all eyes are now on whether Congress will act—and whether an official investigation will move forward into Warren’s allegations of market manipulation.
