Golden State Today

California Attorney General Rob Bonta has expressed his concern regarding potential insider trading by the Trump Administration or its associates. His statement came after President Trump decided to ease most tariffs on April 9, following a period of tumultuous fluctuations in the financial markets.

"The President’s actions and potential profit by associates from the chaos and turmoil that cost Americans trillions of dollars is deeply troubling. California consumers and business are concerned amid this uncertainty — as the fifth largest economy in the world, California understands global trade policy is not a game," Bonta stated. He emphasized the real effects of these actions on Californians, noting the impact on retirement funds and consumer prices.

Attorney General Bonta highlighted the gravity of the situation, suggesting that the potential for the President's decisions to financially benefit his affiliates is unacceptable. He stated, "From wreaking havoc on 401(k)s and pension funds to making everyday items more expensive — this game he’s playing has very real consequences for everyday Californians. The possibility that the chaos created by the President could also be lining the pockets of his buddies, donors, or family members is even more unconscionable."

Bonta’s office is keeping a close watch on the developments and anticipates that relevant authorities will investigate any instances of insider trading related to these events.