Rep. Marjorie Taylor Greene bought stocks hit hard by Trump tariffs during market meltdown
Rep. Marjorie Taylor Greene, a staunch supporter of the Trump administration’s trade policies, made some strategic stock purchases last week while others were in a panic selling mode. Despite the uncertainty caused by President Trump’s tariff threats, Greene saw an opportunity to invest in some of the biggest losers in the market.
Some of the stocks Greene bought last week, including Lululemon, Dell Computer, Amazon, and the parent company of Restoration Hardware, had taken a hit of around 40% on average. Although the exact amounts she paid for these stocks are not disclosed in the financial holdings document, it is evident that her investments are paying off so far.
One of Greene’s notable successes is her investment in Restoration Hardware’s parent company, RH, which saw a significant increase in value after she purchased it following a steep decline in its stock price. Dell Computer also experienced a positive uptick since Greene’s purchase, bouncing back from a substantial loss.
The issue of lawmakers engaging in stock trading has raised concerns about potential conflicts of interest, leading to proposed bills that aim to ban members from trading stocks. Despite the introduction of various bills such as The Transparent Representation Upholding Service and Trust in Congress Act, none have been passed yet. A new bill called The End Congressional Stock Trading Act was recently put forward for consideration.
Greene, who has not responded to requests for comment, has been vocal in her support of President Trump’s tariff policies. She believes that tariffs are an effective tool to protect national interests and has expressed confidence in winning the trade war.
Following President Trump’s decision to pause most of his reciprocal tariffs on other nations for 90 days, the stock market experienced a surge, prompting him to encourage his supporters to buy stocks. However, the market’s instability was evident as stocks began to decline again on Thursday, with the S&P 500 closing down by 3.5%. Despite this setback, Restoration Hardware’s parent company, one of Greene’s investments, remained above its price from the previous Friday.
As investors navigate the volatile market conditions, Greene’s strategic stock purchases demonstrate her confidence in the potential returns despite the ongoing uncertainty. The impact of political decisions on the stock market continues to be a point of contention, highlighting the need for transparency and accountability in the trading activities of lawmakers.
