US President Trump is in financial controversy. He made more than 3,700 stock trades in 3 months. These deals were in companies like Nvidia and Boeing that were influenced by government policies, which raises the question of conflict of interest.
US President Donald Trump is once again embroiled in a major financial controversy. This time the matter pertains to large-scale stock deals made by him and his advisors. In the first three months of this year alone, he has made more than 3,700 share deals. The controversy has increased because most of these deals have been done in the shares of big companies, which are directly affected by the policies and decisions of the US government. These shocking figures have come to light in a Bloomberg report. Shares worth crores of rupees of America’s largest technology, finance and aviation companies were bought and sold in this short period.
The ‘speed’ that surprised Wall Street
To understand in simple language, between January and March, Trump made an average of more than 40 stock deals every day! This jump is surprising because only 380 deals were done in the last three months of last year. Even the big giants of the stock market are surprised to see this speed.
Market experts say that an American President doing so much stock trading in such a short period of time has never been heard before. Eric Ditton, managing director of ‘The Wealth Alliance’, said that in his 40 years of experience he has not seen anything like this. Crores of rupees were invested in these big companies in the shares of giants like Nvidia, Microsoft, Amazon and Boeing.
Big Investments: Trump has bought shares worth at least $1 million each in companies like Nvidia, Oracle, Microsoft, Boeing and Costco.
Big Sell: On February 10 alone, Trump earned between $5 million and $25 million by selling shares of Microsoft, Meta, and Amazon.
other companies: This list includes Uber, eBay, Abbott Laboratories, AT&T, and Dollar Tree as well as big entertainment companies like Netflix, Warner Bros., and Paramount Global.
Why is all this in controversy?
Many of these companies are directly dependent on US government policies and international decisions for their business.
Nvidia: This company needs special permission from the US government to export advanced AI chips to China.
Boeing: The company is heavily dependent on defense and space deals from the US government.
Tech Companies: Companies like Microsoft, Amazon, and Meta are often under government anti-trust scrutiny and AI regulations.
When the President of a country trades in the shares of these companies while holding such a position, even though it is not illegal, it raises big questions related to morality. Former President George H.W. Bush and Bill Clinton handed over their businesses to independent ‘blind trusts’ during their tenure. But Trump neither gave up his business completely nor gave it to any independent trust. At present, Trump’s children control a large part of the Trump Organization.
Statement on Iran and mysterious stock market trading
Another incident that took place in the market a few months ago is also being linked to this matter. Just before Trump publicly announced progress in talks with Iran, some traders placed big bets in the market that oil prices would fall and the US stock market would rise. As soon as Trump’s statement came, exactly the same thing happened. Although there is no evidence that Trump was directly involved in this, the suspicion has deepened in the market whether official information was leaked.
Kushner’s relations with Gulf countries also under doubt
The financial dealings of Trump’s son-in-law and former special envoy for the Middle East, Jared Kushner, are also adding fuel to this controversy. Kushner’s investment company ‘Affinity Partners’ manages funds worth millions of dollars of many Gulf countries including Saudi Arabia. Critics say that on one hand, it is a wrong tradition to hold diplomatic talks with Gulf countries and on the other hand, run private business related to them. Although there is no evidence of any wrongdoing against Kushner, financial experts believe that the relationship between these positions should be closely examined.
White House rejected the allegations
However, the White House has completely rejected all these allegations. A White House spokesperson said Trump works only for the good of the American people and has no conflict of interest. The Trump Organization has also said that Trump’s investments are managed by outside independent financial institutions and there is no direct involvement of Trump or his family in this. According to him, only a small fine ($200 per filing) has been imposed for delay in filing some share information with the government. Anyway, a political firestorm has erupted in Washington over whether it is appropriate for a President to make such stock deals while he is in office.