Mark Cuban praised Donald Trump’s new trade deal requiring Nvidia and AMD to give 15% of their China chip sales to the US, calling it a significant revenue win. He criticized Democrats for not supporting the move, which follows a lifted export ban on advanced AI chips, reports NewsMaxMoney. They write:
Billionaire entrepreneur Mark Cuban chastised several high-ranking Democrats for not celebrating the recent trade deal secured by President Donald Trump that will generate billions in revenue for the federal government.
“Hey @AOC, @BernieSanders, @SenSchumer, @SenWarren, every Dem should be thanking @potus for doing what the Dems have dreamed of doing but have NEVER been able to do, creating a sales tax on 2 of the biggest semi companies in the country!” Cuban posted on X Monday.
Hey @AOC , @BernieSanders , @SenSchumer , @SenWarren , every Dem should be thanking @potus for doing what the Dems have dreamed of doing, but have NEVER been able to do, creating a sales tax on 2 of the biggest semi companies in the country ! This opens the door for Sales Tax…
— Mark Cuban (@mcuban) August 11, 2025
“This opens the door for Sales Tax for export licenses on EVERYTHING! He is going to generate corporate tax revenue that you guys only wish you could pass. […]
Trump confirmed the terms of the unusual arrangement in a Monday press conference.
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