▲ U.S. President Donald Trump
U.S. President Donald Trump's asset managers executed 1,152 financial asset transactions during the single month of July, CNN reported on the 22nd (local time).
This translates to an average of nearly 50 trades per day.
According to a financial disclosure released that day, on July 20, they sold Amazon and Microsoft shares, each valued between $5 million and $25 million.
On the same day, they also sold Oracle and Costco shares, each worth up to $5 million, and disposed of Nvidia shares in the range of $500,000 to $1 million.
On the other hand, they purchased shares of software companies Intuit and Salesforce, each valued at up to $5 million.
For the entire month of July, through more than 700 sell transactions, assets ranging from $35 million to $137 million were disposed of, while over 440 buy transactions poured in $43.5 million to $134 million.
The combined scale of purchases and sales reached up to $270 million (approximately 365 billion won).
While U.S. presidents and vice presidents are required by law to report their financial asset trading details, the disclosure forms only require a specific range rather than exact trading amounts.
According to an analysis by Bloomberg News, transactions conducted by President Trump or his asset managers since January of last year, when his second term began, exceed 28,000.
This is more than the total number of trades combined for all members of the U.S. Senate and House of Representatives.
Former Presidents Joe Biden and Barack Obama did not trade individual stocks while in office, and their investment portfolios consisted mainly of mutual funds and Treasury bonds.
However, President Trump's trading targets also included space company SpaceX and defense contractor RTX, which have business relationships with the federal government.
As President Trump continues large-scale financial asset trading while in office, controversies surrounding potential conflicts of interest persist.
President Trump has not placed his assets in a blind trust.
Consequently, it is possible to track which stocks his asset managers are buying and selling.
According to CNN, instances were identified where President Trump purchased shares of more than 20 companies and then promoted those same companies on Truth Social just days later.
However, the White House maintains that President Trump is not involved in individual investment decisions.
White House spokesperson Davis Ingle stated, "President Trump's stock and bond portfolio is independently managed by a third-party financial institution," adding, "Neither President Trump nor any family member can direct or influence investment methods or the timing of purchases and sales."
(Photo: AP, Yonhap News)
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