Rep. Don Beyer (D-Va.) — bearing actual receipts — called out Eric Trump on social media Friday after the president’s son insisted that the assets of his father are in a blind trust that doesn’t buy or sell individual stocks.
“Outright lies,” Beyers wrote Friday on X. “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 then linked to a disclosure form that confirms 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.
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 in tow, 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, prompting Sen. Elizabeth Warren (D-Mass.) to sound 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 Friday on X. “It turns out Trump also bought millions in NVIDIA’s stock.”
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, and 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.
Alex Brandon/Associated Press
The 113-page document shows Donald Trump engaged in 2,345 purchases of mostly individual stocks this year and in 1,296 sales of the same. He signed the document on May 8, 2026, one week before he arrived in China, accompanied by Huang.
“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,” wrote one X user.
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, only for then-head of the ethics agency, Walter Shaub, to state it was “not even halfway blind” — and resign in July 2017.
Trump has made a fortune since entering politics, with Forbes reporting 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.