Eric Trump Pushes Back at Warren Over Nvidia Stake Tied to China Trip

Eric Trump has refuted Senator Elizabeth Warren's accusations that his family directs individual stock trades, specifically regarding a significant Nvidia purchase. Warren had linked a January 6th purchase of up to $1 million in Nvidia stock, made by Trump-tied accounts, to a subsequent easing of US AI chip export rules to China. Eric Trump stated that all family assets are held in a blind trust managed by major financial institutions, which invest in broad market indexes rather than individual stocks. He asserted that any suggestion of individual stock purchases or sales at the discretion of a Trump family member would be false. The Trump Organization maintains that its assets are in fully discretionary accounts overseen by Donald Trump Jr. and Eric Trump with third-party institutions, who receive no advance notice of trades. Warren had also highlighted that President Trump brought Nvidia CEO Jensen Huang on a trip to China to discuss AI chip sales, raising concerns about national security and potential corruption due to the timing of the stock purchase and the revised export rules.

(Source：BeInCrypto)