Rep. Don Beyer (D-Va.) called out Eric Trump on social media Friday after the president's son insisted that his father's assets are in a blind trust that does not buy or sell individual stocks. Beyer, bearing actual receipts, labeled the claims as outright lies.
Beyer's Response
Beyer wrote on X: "Outright lies. Trump's assets aren't in a blind trust, and he bought and sold individual Nvidia stock in 15 separate transactions totaling millions of dollars. That's what Trump's financial disclosure - which has his signature - says. See for yourself."
The Virginia Democrat linked to a disclosure form confirming that Donald Trump purchased up to $1 million in Nvidia stock this year, mere days before the company was granted permission to sell advanced computer chips to China.
Context of the Controversy
Beyer's reaction is part of the discourse that swelled this week following President Donald Trump's visit to China with a herd of tech CEOs, including Nvidia's Jensen Huang. On Thursday, the U.S. Office of Government Ethics released a filing showing thousands of individual stock purchases by Donald Trump during the first quarter of 2026.
Sen. Elizabeth Warren (D-Mass.) sounded the alarm on social media, especially about Nvidia. "Trump brought the NVIDIA CEO on his trip to China to lobby [President] Xi Jinping to buy advanced AI chips, even though it would create a U.S. national security threat," Warren wrote on X. "It turns out Trump also bought millions in NVIDIA's stock."
Eric Trump's Defense
In reaction, Eric Trump quoted Warren's post and claimed that every single asset of his father's is wrapped up in a blind trust. He called the suggestion that "any member of the Trump family" buys or sells individual stocks "a lie and blatantly false" before asking Warren, "Please be better than this..."
This prompted Beyer's response, which pointed to the disclosure form. The 113-page document shows Donald Trump engaged in 2,345 purchases of mostly individual stocks this year and 1,296 sales of the same. He signed the document on May 8, 2026, one week before he arrived in China, accompanied by Huang.
Public Reaction
One X user wrote: "The president purchasing Nvidia shares a week before his own Commerce Department allows them to sell one of our most valuable assets to our main geopolitical opponent is unfathomably more corrupt than anything on Hilary Clinton's email server."
Trump claimed during his first term that there were no conflicts of interest regarding his finances because his assets were kept in a blind trust. However, then-head of the ethics agency, Walter Shaub, stated it was "not even halfway blind" and resigned in July 2017.
Trump has made a fortune since entering politics. Forbes reported in March that the president has a $6.5 billion net worth, is "leveraging his presidency for profit," and has added $1.4 billion to his coffers since his 2024 reelection.
