Trump's 2025 Income Tops $2.2B; Disclosure Shows 21,000 Trades, Including Buys Day Before Tariff Pause
- Newly released 2025 financial disclosures reviewed by WSJ/Bloomberg show Trump's brokerage accounts executed more than 21,000 securities trades during 2025, far more activity than previously understood.
- On April 8, 2025 — one day before Trump announced a 90-day pause on reciprocal "Liberation Day" tariffs — the accounts stopped selling and bought shares in 327 companies for over $3.6 million, including Apple, Nvidia and Microsoft.
- White House says trades are handled by independent third-party advisors; ethics watchdogs flag the timing as a potential conflict of interest given the market-moving nature of the tariff announcement.