According to the latest financial disclosure file of United States President Trump, he made 327 stock purchases on 8 April 2025. One day later, he announced a 90-day suspension of the “liberation day” tariff. As a result of the policy shift in close proximity to transactions, the disclosure quickly triggered discussions of conflicts of interest.

Buying took place the day before the tariff suspension.

The documents show that these purchases took place on 8 April, the day before Trump announced a partial tariff moratorium. Prior to that, on 2 April, Trump introduced a large-scale import tariff, which was followed by successive market pressures.

Before the launch on April 9, Trump also wrote on True Social, "Now is the time to buy." Later the same day, he announced the suspension of some of his customs duties, and the stock market rebounded and the number of large technology units covered by the disclosure documents went up in parallel.

Under the federal disclosure rules, each transaction is subject to an inter-district declaration. The documents show that these individual purchases ranged from US$ 100,001 to US$ 250,000 and that more precise amounts were not disclosed.

The Technological Unit rebounded after the policy shift.

Some of the science and technology units mentioned in the disclosures were noticeably up after the suspension. In the case of apples, the unit had fallen on four consecutive trading days before 9 April, and had increased by more than 15 per cent since the announcement of the policy. Young Weida had fallen one day before, and then there was a clear rebound.

In the context of these transactions, the main points of contention are whether the President should hold assets that would be directly affected by the policy statement and whether the related transactions are owned by himself. The disclosure document itself does not indicate whether Trump personally gave the purchase order.

Trump had previously indicated to the media that he did not directly manage personal investments and that the funds were operated by external agencies.

The White House denies a conflict of interest.

The White House denied that the related financial activities constituted a conflict of interest. Anna Kelly, the White House spokesman, stated that Trump had already held a large number of assets prior to his return to the White House, which were currently being managed by independent third-party financial institutions with full powers.

However, this response did not calm down. Critics and ethical experts continue to question whether it is appropriate for the President to continue to hold the relevant financial assets when the policy issuance itself is sufficient to drive market volatility.

Synchronization of benefits from encryption operations

The disclosure document also listed significant revenues associated with encrypted assets, giving more attention to the commercial activities of Trump during his second term. The paper shows that Trump's encryption-related bets generated $636 million in proceeds and that World Liberty Financial earned $799 million.

The debate over the TRUMP memes is also growing. The New York Times quoted Nansen as reporting that, as at the end of June 2026, some 988,905 investors who bought the coin were in a deficit, with a combined retail loss of about $3.81 billion.

Reports also indicate that a small number of participants who had entered the market earlier and were more able to trade earned about $4 billion in profits, while most of the bulkers recorded losses. The Coinpaper data show that the TRUMP tokens were reported at the time as US$ 1.76, which was 97 per cent higher than the 75.35 dollar.

These data further extend the discussion from the point of time of stock transactions to the question of whether the President should hold encrypted assets during his tenure, obtain revenues related to tokens, and whether there is a need for more severe restrictions on the digital assets operations of public officials.