Heads up, fam! 📊 The latest inflation report shows US tariffs are one of the culprits behind rising living costs. But here’s the kicker: some lawmakers are actually banking on those same tariffs by picking the right stocks. 😬
How does it work? Tariffs are like taxes on imports that make goods pricier. When these duties push up costs, stock prices of companies benefiting from higher prices or limited competition can go up. And according to recent filings, a handful of US lawmakers have seen handsome returns from these moves.
Even more eyebrow-raising? This isn’t a purely partisan drama. A rare bipartisan group in Congress is now waving red flags over what looks like a conflict-of-interest. They’re pushing for tighter rules to prevent politicians from cashing in on policies they help craft.
Why it matters to you 🌏: Rising US costs can send shockwaves across global markets, impacting everything from tech gadgets to everyday goods. And when policy perks insiders, trust takes a hit—especially for young pros who value transparency and fairness.
What’s next? Keep an eye on Congress as they debate proposals to block stock trades linked to lawmaking duties. It’s a fresh example of citizens and cross-party lawmakers teaming up to demand accountability.
As this story unfolds, remember: policy and personal profit shouldn’t mix—anywhere, anytime. Stay tuned for updates. 👀
Reference(s):
cgtn.com
