Senator Elizabeth Warren Demands Probe Into Trump’s Tariffs Amid Market Manipulation Concerns

Senator Elizabeth Warren has ignited a controversy by publicly asserting that President Donald Trump’s recent tariff maneuvers look like corruption and warrant a thorough investigation. In a series of assertive statements, the Massachusetts senator has accused the President of manipulating the market to benefit his Wall Street allies, further destabilizing an already fragile American economy.

Warren Accuses Trump of Market Manipulation

Warren’s accusations, amplified by her active presence on X (formerly known as Twitter), center on the President’s seemingly erratic approach to tariffs. She contends that Trump’s constant fluctuations, particularly regarding tariffs on China, have created an environment of extreme uncertainty, leaving global markets in perpetual unease.

“No one knows what the tariffs could be tomorrow, next week, or the coming month,” she stated, highlighting the unpredictable nature of the President’s policies.

I’m calling for an investigation into whether President Trump manipulated the market to benefit his Wall Street donors—all while working people and small businesses paid the price.

Did Trump help insiders cash in on his tariff flip-flopping? It sure looks like corruption. pic.twitter.com/5QZ1X5YOpz

— Elizabeth Warren (@SenWarren) April 9, 2025

The Senator highlights a situation in which Trump declared new taxes on goods and then briefly stopped them. She says this gave his rich friends a chance to make money.

Warren claims Trump signaled to his “billionaire friends” that it was a good time to invest, which raises questions about unfair market practices. ”Was this market trickery or corruption?” Warren asked in a statement.

Worries Cloud U.S. Markets

Warren’s concerns go beyond just claims of wrongdoing. She says Trump’s tax plans are hurting the U.S. economy, making a recession and rising prices more likely. With vital economic indicators like the Purchasing Managers’ Index (PMI) and the Job Openings and Labor Turnover Survey (JOLTS) looking weak, the Senator believes Trump’s actions will further upset markets and scare investors.

On the other hand, Bitwise’s CIO sees a bullish signal. He says tariff fallout is good for Bitcoin, noting that it could surge to $200,000 by year-end. “The Trump administration wants a significantly weaker dollar, even if it means sacrificing the dollar’s role as the world’s sole reserve currency,” BitWise CIO asserted.

Nonetheless, he noted that he thinks a weaker dollar will help Bitcoin.

”Bitcoin has often moved in the opposite direction of the U.S. Dollar Index (DXY) for the last five years. This index shows the dollar’s value compared to other important currencies. If the dollar’s value goes down, Bitcoin’s value tends to increase. I believe this trend will likely continue.”