Pam Bondi's Sale of Trump Media Stock Amid Tariff Announcement Sparks Controversy
ICARO Media Group
### Pam Bondi Sells Millions in Trump Media Stock as President Announces Tariffs
Attorney General Pam Bondi sold shares in President Trump's media company valued between $1 million and $5 million the same day President Trump announced sweeping tariffs that unsettled the stock market. According to recently filed disclosure forms, Bondi authorized the stock sale on April 2, coinciding with the White House’s announcement of extensive levies on American trading partners.
The market reacted negatively to the tariff news, resulting in a significant drop in Trump Media's stock price. Bondi's transaction was part of an ethics agreement she signed before her swearing-in, requiring her to sell her Trump Media shares within 90 days from her early February confirmation, giving her until early May to complete the sale.
Details such as the exact timing or the number of shares sold were not disclosed in Bondi's filing, only the approximate value of the transaction. Despite the market turmoil following the tariff announcement, the stock price did recover after President Trump moderated his approach in response to widespread criticism.
By law, federal officials are prohibited from using insider information for personal gain, although such cases are difficult to prove. While Bondi's timing was noteworthy, Trump had previously signaled his intention to impose tariffs to address trade imbalances.
This is not Bondi’s first financial engagement connected to Trump. During her confirmation hearings, it was revealed that she profited at least $3 million from the merger forming Trump Media due to her consulting work. Additionally, she disclosed holding between $2 million and $10 million in the company’s stock, indicating that her April sale could be closer to the $5 million mark.
Moreover, Bondi has received significant financial benefits from her associations with Trump-aligned entities. She was paid a substantial retainer by a legal policy nonprofit linked to Trump and earned over $1 million annually as a lobbyist with Ballard Partners, a firm closely associated with the Trump administration.
A spokesman for Bondi did not respond to requests for comment about the stock sale.