Trump involved in major stock trades, Democrats accuse him of corruption and national security disaster
After it was revealed that President Trump had made major stock trades in his name, Democrats accused him of corruption, though his son denied any wrongdoing.
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- 📰 Published: May 16, 2026 at 12:10
- 🔍 Collected: May 16, 2026 at 12:31 (21 min after Published)
- 🤖 AI Analyzed: May 16, 2026 at 13:58 (1h 26m after Collected)
Following disclosures that US President Trump had made major stock trades in his own name, Democrats accused him of corruption today, though his son denied any improper behavior.
AFP reported that Senator Elizabeth Warren wrote on the social platform X: 'The President's corruption is a national security disaster.' Warren was referring to the purchase of stocks in AI chip giant Nvidia. Trump allowed Nvidia to sell products to China, which boosted the company's stock price at the time.
Warren also wrote: 'Trump traveled to China with Nvidia's CEO to lobby (Chinese President) Xi Jinping to buy advanced AI chips, even though this poses a threat to US national security. As a result, Trump bought millions of dollars in Nvidia stock himself.'
The Trump family business is jointly run by his sons, Eric Trump and Donald Trump Jr., and Eric denied any wrongdoing.
Eric wrote on X: 'All of our assets are invested in broad market indices by the largest financial institutions through blind trusts. If anyone implies that any Trump family member can decide to buy or sell individual stocks themselves, it is a lie and completely untrue.'
Eric does not hold an official government position, but he accompanied Trump to China this week. Nvidia CEO Jensen Huang also participated in Trump's China trip.
Democratic Illinois Governor JB Pritzker posted on X that Trump is the 'most corrupt president in US history.'
Since regaining power, Trump has handed over the management of his family business to his sons, facing looser ethical constraints than in his first term. Previously, Trump paused his family's overseas investments, but did not extend this ban.
The Trump Organization recently announced it would build a hotel complex in Tbilisi, the capital of Georgia.
President Trump himself has blurred the lines; for example, he has held diplomatic events at his private residence.
Documents released yesterday in Trump's name list trades totaling over 200 million USD, involving large corporations such as Amazon, Apple, Microsoft, and Boeing.
Forbes estimates that by March 2026, Trump's personal wealth reached 6.5 billion USD, an increase of 1.4 billion USD in one year.
AFP reported that Senator Elizabeth Warren wrote on the social platform X: 'The President's corruption is a national security disaster.' Warren was referring to the purchase of stocks in AI chip giant Nvidia. Trump allowed Nvidia to sell products to China, which boosted the company's stock price at the time.
Warren also wrote: 'Trump traveled to China with Nvidia's CEO to lobby (Chinese President) Xi Jinping to buy advanced AI chips, even though this poses a threat to US national security. As a result, Trump bought millions of dollars in Nvidia stock himself.'
The Trump family business is jointly run by his sons, Eric Trump and Donald Trump Jr., and Eric denied any wrongdoing.
Eric wrote on X: 'All of our assets are invested in broad market indices by the largest financial institutions through blind trusts. If anyone implies that any Trump family member can decide to buy or sell individual stocks themselves, it is a lie and completely untrue.'
Eric does not hold an official government position, but he accompanied Trump to China this week. Nvidia CEO Jensen Huang also participated in Trump's China trip.
Democratic Illinois Governor JB Pritzker posted on X that Trump is the 'most corrupt president in US history.'
Since regaining power, Trump has handed over the management of his family business to his sons, facing looser ethical constraints than in his first term. Previously, Trump paused his family's overseas investments, but did not extend this ban.
The Trump Organization recently announced it would build a hotel complex in Tbilisi, the capital of Georgia.
President Trump himself has blurred the lines; for example, he has held diplomatic events at his private residence.
Documents released yesterday in Trump's name list trades totaling over 200 million USD, involving large corporations such as Amazon, Apple, Microsoft, and Boeing.
Forbes estimates that by March 2026, Trump's personal wealth reached 6.5 billion USD, an increase of 1.4 billion USD in one year.