Summarize and humanize this content to 2000 words in 6 paragraphs in English
By SONYA GUGLIARA FOR DAILYMAIL.COM Published: 00:18 BST, 6 April 2025 | Updated: 00:23 BST, 6 April 2025
US Representative Marjorie Taylor Greene made hefty trades days before Donald Trump’s tariffs announcement tanked the stock market.The MAGA proponent made 15 investments between March 16 and March 24. Her three largest moves were putting hundreds of thousands of dollars towards US Treasury Bills, also know as T-Bills. T-Bills are short-term debt obligations that are considered low risk, so they may bring in lower returns than other kinds of investments. But the low-risk nature of T-Bills means investors are highly unlikely to experience losses on their money, making them a safer bet than regular stocks. On March 16, March 19 and March 24, Greene spent $100,000 to $250,000 per transaction on T-Bills, according to Capitol Trades, a platform devoted to sharing politician trading data. The Trump ally invested between $300,000 and $750,000 in Treasuries, according to the filings. These massive purchases were sprinkled among multiple smaller ones that spanned from $1,000 to $5,000 in companies including Apple Inc, AbbVie Inc and Costco Wholesale Group. Greene’s stock moves came in the days leading up to Trump’s ‘Liberation Day’ declaration on Wednesday. The MAGA proponent made 15 investments between March 16 and March 24. Her three largest moves were putting hundreds of thousands of dollars towards US Treasury Bills , also know as T-BillsDuring his announcement at the White House Rose Garden, Trump asserted that foreign trade and economic practices have sparked a national emergency. All nations will be faced with at least 10 percent tariffs on all US imports starting on Saturday. But more than 90 countries will be hit with additional reciprocal tariffs in order to make the US ‘wealthy again’ by April 9. Reciprocal tariffs, according to the White House, are the rates ‘necessary to balance bilateral trade deficits between the US and each of our trading partners.’As Trump spoke, stock values plunged – with Dow Jones instantly dropping more than 250 points, the S&P 500 falling 100 points and Nasdaq futures decreasing by more than 400 points.As of Saturday evening, Dow Jones stock is down 2,339 points. The conservative Georgia lawmaker has praised Trump’s tariff decisions, saying she feels the president’s new policies are more than acceptable. ‘I think President Trump is extremely generous. Reciprocity is fair,’ Greene told podcaster Alec Lace on Liberation Day. ‘The tariffs that he’s charging on most of these countries are half of what they’re charging us.’President Trump is doing the right thing for the America people and I don’t think any other country can complain.’ As Greene apparently secured a significant portion of her funds with her T-Bills transactions, Democratic former house speaker Nancy Pelosi lost millions since Wall Street saw its worst day since the height of the COVID crash. ‘Nancy Pelosi’s net worth has fallen by approximately $7 million since Tuesday, per our estimates,’ Quiver, a stock market data website, co-founder Chris Kardatzke told DailyMail.com on Friday.
Advertisement
Share or comment on this article:
Marjorie Taylor Greene makes huge stock market play just days before tariffs announced
