Republican firebrand and staunch Trump ally Marjorie Taylor Greene made a series of bold stock purchases last week, seizing the opportunity as markets plummeted in response to President Trump’s sweeping global tariffs.
The Georgia congresswoman, a vocal supporter of Trump’s trade strategy, acquired shares in several major companies that had taken a significant hit during the market downturn.
Among her picks were Lululemon, Dell Technologies, Amazon, and RH (formerly Restoration Hardware), all of which saw sharp declines, averaging around 40% late last week.
Just before the buying spree, President Trump posted on his social media platform, Truth Social, encouraging Americans to invest: “NOW IS A GREAT TIME TO BUY!!” It seems Greene took the message to heart.
A financial disclosure reviewed by The Associated Press revealed her trades, though it didn’t specify the exact amounts, only reporting purchase ranges and dates. By the market close on Wednesday, some of her picks had already begun rebounding.
RH surged over 30% since Friday, shortly after Greene made her move, while Dell saw a 9% uptick after initially losing more than half its value.
RH’s dramatic drop was so severe that even its CEO, Gary Friedman, reportedly exclaimed “oh s—t” during an investor call when the tariff news broke.
Greene’s trading activity comes amid renewed scrutiny over whether lawmakers should be allowed to buy and sell stocks while in office.
Bipartisan efforts have been underway to pass legislation that would ban congressional members from trading, due to concerns about potential conflicts of interest.
When asked about her recent investments and whether she was directly involved in the decisions, Greene told the AP:
“I have signed a fiduciary agreement to allow my financial advisor to control my investments. All of my investments are reported with full transparency.”
An outspoken defender of the Trump administration’s tariff approach, Greene has previously posted on X, formerly Twitter, “Tariffs are a powerful proven source of leverage to protect our national interests,” adding, “We will win this trade war.”
However, after Trump unexpectedly paused the tariffs on Wednesday, some Democratic lawmakers raised concerns about possible market manipulation or insider trading, suggesting the sudden move may warrant closer examination.
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