Scavino is the third top official who, along with two others, sold Trump Media stock with the combined value of up to $10 million before tariffs news

President Donald Trump announced a significant development in his trade war against the United States' trading partners. *Stock prices used were the afternoon prices of July 6, 2025. The video was published on July 8,

The company unveiled a slate of new private markets funds from asset management firms including Cashmere, Fundrise and Liberty Street Advisors. These funds will offer investors exposure to private companies including OpenAI and SpaceX, SoFi said.

But the top Trump advisor picked April 1, the day before Trump announced sweeping tariffs, to make the sale, according to disclosure reports obtained by USA TODAY. Trump and his congressional supporters trumpeted their just-passed tax and spending law, saying it will turbocharge economic growth.

Trump Media & Technology Group ( DJT 1.65%) stock lost ground in June's trading despite a very strong bullish backdrop for the broader market. The company's share price fell 15.2% across the stretch, according to data from S&P Global Market Intelligence. The S&P 500 gained 5% in the month, and the Nasdaq Composite rose 6.6%.