By C.J. Atkins\People’s World
In the gold-encrusted Oval Office Wednesday afternoon, President Donald Trump stood basking in the glow of approving smiles from a group of aides and Wall Street financiers.
Why the smiles? Well, at that moment the New York Stock Exchange was exploding, with share prices that had been taking a beating for days suddenly soaring into the heavens, in some cases by 20% or more.
It was a stark reversal from the past few trading sessions, when his tariff war had erased nearly $6 trillion (that’s $6,000,000,000,000, with twelve zeros) in market value. Wednesday’s big beautiful bounce was the result of Trump declaring mid-day that he was pausing his “reciprocal tariff” economic war against most countries for 90 days.
Among the celebrants at the White House gathering was Charles Schwab (as Trump said, “It’s not just a company, it’s actually an individual”). In a short video clip posted to X by Trump staffer Margo Martin Wednesday, the president is seen pointing to Schwab and saying, “He made two-and-a-half billion today.” Gesturing toward another corporate executive off-camera, Trump says, “And he made $900 million. That’s not bad.”
These two billionaire buddies weren’t the only ones who profited from Trump’s climbdown in the trade war, though. Evidence is piling up that certain people knew the reversal was coming before it happened, and they used that knowledge to cash in….
