Transportation Secretary Sean Duffy dumped stock worth tens of thousands of dollars just before a key portion of President Donald Trump’s market-crashing tariffs became public, according to a new report.
Duffy, who claimed partial credit for influencing the president’s reciprocal tariff plan dating back to his time as a Republican lawmaker, sold securities in almost three dozen companies on Feb. 11, said a disclosure form obtained by ProPublica.
Sales reportedly amounted to between $75,000 and $600,000, and the securities were dumped when the U.S. stock market was near its peak. Two days later, markets suffered a significant dip in reaction to an announcement that Trump planned to slap foreign nations with the same tariff rate they have on American-made goods.
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