Trump Revealed 327 Stock Purchases

Donald Trump disclosed 327 stock purchases made on April 8, 2025, just one day before announcing a partial suspension of tariffs. The transactions appeared in a 927-page annual financial disclosure submitted this week to the Office of Government Ethics (OGE). NBC News journalists Steve Kopack and Gabe Gutierrez first reported the filing.

Under U.S. federal ethics rules, senior government officials must report securities transactions within 45 days. Trump did not file the required disclosures for the April purchases or for most of his 2025 trades, leaving them undisclosed for more than 14 months. The maximum penalty for a late filing was $200. An OGE official noted that the required late fees had been paid for the previously unreported transactions.

The 327 purchases included shares of Apple, Microsoft, Nvidia, Amazon and Alphabet. Each position could have been worth up to $250,000. Because financial disclosures list value ranges rather than exact amounts, the combined value of the purchases may have reached as much as $12.8 million.

The following day, April 9, 2025, Trump announced a pause on part of the tariffs introduced under his "Liberation Day" trade program. The S&P 500 jumped 9.5% that day, recording one of its biggest single-day gains on record. Technology stocks, including several companies listed in the disclosed portfolio, led the market rally.

The White House said the president's investments are held in accounts managed by independent financial institutions and that Trump does not make decisions on individual trades. The disclosure does not identify who authorized the April 8 purchases, and no authority has accused the president of trading on non-public information.

Government watchdog Public Citizen said timely disclosure of financial transactions is essential to ensuring transparency among senior public officials. The organization argues that a $200 penalty is too small to discourage officials from delaying disclosures for months.