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

Eric Trump rejected Senator Elizabeth Warren’s claim that his father directs individual Nvidia (NVDA) stock trades. Warren tied recent buys to eased US AI chip exports to China.

Reports flagged a January 6 purchase worth up to $1 million in Trump-tied accounts. The Commerce Department updated AI chip export rules one week later.

Trump Family Pushes Back on Conflict Claim

Eric Trump challenged that all family assets sit in a blind trust managed by major financial institutions. The structure favors broad market indexes over individual stock picks.

All of our assets are invested in a blind trust by the largest financial institutions in broad market indexes. To suggest that individual stocks are being bought or sold, at the discretion of any member of the Trump family, would be a lie and blatantly false,” articulated Eric Trump, executive vice president of the Trump Organization.

The Trump Organization has said the family holds assets in fully discretionary accounts. Donald Trump Jr. and Eric Trump oversee the trust with third-party institutions and receive no advance notice of trades.

Warren Links Nvidia Stake To China Trip

Warren cited a January 6, 2026 Nvidia purchase of up to $1 million in Trump-tied accounts. The Commerce Department then revised rules for chips like Nvidia’s H200 on January 13.

She called the timing a national security risk.

“Trump brought the NVIDIA CEO on his trip to China to lobby Xi Jinping to buy advanced AI chips, even though it would create a U.S. national security threat. It turns out Trump also bought millions in NVIDIA’s stock. The President’s corruption is a national security disaster,” she wrote in a post.

Indeed, President Donald Trump brought Nvidia chief executive Jensen Huang on his May 12 to 15 Beijing visit. The trip covered trade and AI talks with President Xi Jinping.

Huang has previously confirmed Trump asked him to join the delegation. The group included other US business leaders pushing tech and aviation deals.

Disclosure Norms Test Blind Trust Standard

The dispute surfaced through Trump’s Q1 2026 OGE Form 278-T filing. The document logged 3,642 stock transactions in the first three months of the year. Related coverage of the filing has detailed the breadth of holdings.

Critics say the volume and timing of individual trades sit outside the qualified blind trust template. Presidents from Jimmy Carter through Joe Biden used that template to avoid conflict claims.

The 2012 STOCK Act requires disclosure of executive trades but does not bar them. Federal authorities have not announced an investigation.

Treasury Secretary Scott Bessent has backed a congressional single-stock trading ban. The proposal has drawn renewed attention this week.

Whether ethics committees pursue formal review may shape how future administrations structure presidential portfolios.

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