Vance Responds to Trump Stock Trading Controversy: Outsourcing Wealth Management, Not Personally Trading

At a White House press briefing on Tuesday, U.S. Vice President JD Vance defended President Trump’s stock trading behavior, emphasizing that Trump’s investments are fully managed by third-party financial institutions and not personally operated by him.

According to a report from the Office of Government Ethics, Trump’s accounts made approximately 3,700 stock trades in the first quarter, including purchases of stocks from Palantir, Dell, and Micron.

However, these companies were subsequently publicly praised by Trump, raising questions about potential conflicts of interest.

In response, Vance clearly stated that Trump does not personally buy or sell stocks in the Oval Office, but rather his investments are managed by an independent wealth advisory team.

As early as April 10, Trump praised Palantir on the Truth Social platform, calling its "combat capability great," and his account bought Palantir stock (PLTR) at least 10 times in the first quarter, with a total investment of up to $695k.

Additionally, after Dell’s founder pledged to donate $6.25 billion to Trump’s "Invest in America" plan, Trump publicly praised Dell products multiple times, and his account purchased Dell stocks valued between $1 million and $5 million during the same period.

Meanwhile, Trump also once praised semiconductor company Micron Technology as "one of the best companies," and his account bought the company’s stock multiple times in the first quarter of this year.

Vance emphasized that Trump’s stock trading fully complies with the requirements of the 2012 Stock Act, which mandates that the President, Vice President, and Members of Congress disclose stock trades exceeding $1,000 within 45 days;

Trump’s recent stock disclosures were made to comply with this law, despite previously being fined $200 for failing to promptly disclose stock trades in Amazon and Microsoft.

Ironically, Vance had criticized Pelosi during the 2022 campaign for "using confidential information for profit." Now, facing similar controversy, he supports banning Members of Congress from stock trading but emphasizes that the President’s investments are managed by third parties, with no conflict of interest.

This contradictory stance highlights the double standards of a politician on stock trading issues and reflects the complex position between maintaining power and interests.

#万斯 # Trump