{"id":2514,"date":"2025-04-11T02:30:58","date_gmt":"2025-04-11T02:30:58","guid":{"rendered":"https:\/\/gunnewsusa.com\/index.php\/2025\/04\/11\/rep-marjorie-taylor-greene-bought-stocks-hit-hard-by-trump-tariffs-during-market-meltdown\/"},"modified":"2025-04-11T02:30:58","modified_gmt":"2025-04-11T02:30:58","slug":"rep-marjorie-taylor-greene-bought-stocks-hit-hard-by-trump-tariffs-during-market-meltdown","status":"publish","type":"post","link":"https:\/\/gunnewsusa.com\/index.php\/2025\/04\/11\/rep-marjorie-taylor-greene-bought-stocks-hit-hard-by-trump-tariffs-during-market-meltdown\/","title":{"rendered":"Rep. Marjorie Taylor Greene bought stocks hit hard by Trump tariffs during market meltdown"},"content":{"rendered":"
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Rep. Marjorie Taylor Greene, an avid supporter of the Trump administration’s trade policies, not only bought stocks last week as others dumped them in a panic<\/a><\/span> \u2014 she scooped up some of the biggest losers.<\/p>\n

Lululemon, Dell Computer, Amazon, the parent of Restoration Hardware and a few others hit hard by President Trump’s tariff threats were down 40% on average late last week when the Georgia Republican\u00a0pounced.<\/p>\n

Data from a required three-page financial holdings document doesn’t disclose exactly how much she paid for the stocks, only ranges and dates. <\/p>\n

But however much she spent, some of her bets are working out so far, at least as of Wednesday’s close<\/a><\/span>, after markets soared on Mr. Trump’s decision to pause<\/a><\/span> most of his “reciprocal tariffs” on nations other than China for 90 days. Markets fell again Thursday, but remain above Wednesday morning’s levels.<\/p>\n

RH, formerly called Restoration Hardware, is Greene’s clear winner. It jumped more than a third since Friday’s close, when she bought it after a stunning collapse in price<\/a><\/span> that shook even the head of the furniture retailer.<\/p>\n

“Oh, sh\u2026!,” said RH CEO Gary Friedman in a conference call last week as the stock plunged.<\/p>\n

Dell has jumped 9% since Greene bought the stock last week after it had lost more than half its value.<\/p>\n

Lawmakers from both major parties have proposed bills<\/a><\/span> banning members from stock trading because of the apparent conflict of interest in owning shares of companies they can heavily influence with positions they can take in office. <\/p>\n

But none of the clunkily named bills \u2014 The Transparent Representation Upholding Service and Trust in Congress Act, for instance \u2014 has been passed. A new bill, The End Congressional Stock Trading Act, was proposed last month.<\/p>\n

Greene’s office has not responded to Associated Press requests for comment.<\/p>\n

The MAGA supporter has been outspoken in her support of Mr. Trump’s tariffs.<\/p>\n

“Tariffs are a powerful proven source of leverage to protect our national interests,” she posted on X earlier this year, adding, “We will win this trade war.”<\/p>\n

Hours before halting most of the tariffs Wednesday, Mr. Trump steered his supporters to the markets, writing on his Truth Social platform, “THIS IS A GREAT TIME TO BUY!!!”<\/p>\n

Investors are not completely convinced.<\/p>\n

After surging on Wednesday when Mr. Trump called a partial halt to the import taxes, stocks were heading down again Thursday. The S&P 500 closed down 3.5%<\/a><\/span> Thursday afternoon, paring back many \u2014 but not all \u2014 of Wednesday’s gains. Restoration Hardware’s parent company, one of Greene’s picks, fell more than 10% Thursday, though the company remains above last Friday’s share price.<\/p>\n

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