Democrats are back to their favorite pastime: throwing out wild accusations against President Donald Trump—and then walking them back once pressed for proof. This time, they’re floating the idea that Trump may be guilty of insider trading related to his recent tariff announcements, only to admit they don’t actually have any evidence.
Senator Richard Blumenthal (D-CT) was asked point-blank on Thursday whether he had any proof that Trump or members of his administration engaged in insider trading based on market-moving tariff policies. His answer was telling: “I have no evidence.” Instead, Blumenthal claimed there are “indications” and “opportunities” that warrant a deeper look—classic Democrat speak for baseless suspicion.
“There are strong indications of manipulation and insider trading in the volatility and the sales that we’ve seen and the purchases,” Blumenthal insisted. “I think it needs to be investigated by the SEC.”
But even in the same breath, he hedged: “I’m not alleging there has been market manipulation or insider trading, just the opportunity and indications of it.”
Translation: they’ve got nothing.
Blumenthal’s comments came after fellow Democrats Adam Schiff (D-CA) and Ruben Gallego (D-AZ) sent letters to White House Chief of Staff Susie Wiles and U.S. Trade Representative Jameison Greer implying Trump’s tariff decisions might be linked to suspicious stock trades. Their thinly veiled accusation was timed perfectly to coincide with Trump’s latest tariff bombshell—raising rates on Chinese goods to 125% while granting a 90-day pause for over 75 nations that refrained from retaliatory tariffs.
The result? U.S. markets surged in response, showing investor confidence in Trump’s tough-on-China strategy. That uptick was all the Democrats needed to conjure up the “insider trading” narrative, without a shred of supporting evidence.
Blumenthal’s rationale? “People in the White House, this administration had prior knowledge of what the president would do.” As if that’s not standard procedure in any functioning White House.
He added that Republicans who don’t back an investigation into this fantasy scandal would be “complicit in illegal market manipulation.” Again—without any proof that any occurred.
The Trump team isn’t wasting time responding to these distractions. Commerce Secretary Howard Lutnick and U.S. Trade Representative Greer have focused on what matters: reviving American manufacturing, protecting domestic jobs, and punishing economic bad actors like China. That’s what triggered the stock rally—and the Democrats’ tantrum.
This isn’t the first time Democrats have attempted to derail Trump with vague allegations. But it’s a pattern: float a scandal, hope the media runs with it, then quietly admit there’s no “there” there when challenged.
Blumenthal and company may think their smear tactics will stick, but the American people are watching—and they know the difference between real results and political theater.
