President Donald Trump has struck a groundbreaking take care of semiconductor giants Nvidia and AMD that can pour hundreds of thousands into America’s coffers, and it’s triggering all the precise folks.
In accordance with the Financial Times, Nvidia and AMD have agreed at hand over a staggering 15% of their revenues from high-end chip gross sales to China as a part of a particular association with the Trump administration. The deal was a situation for granting export licenses for his or her top-tier chips, Nvidia’s H20 and AMD’s MI308, to the Chinese language market.
The transfer is actually a “gross sales tax” on a few of America’s largest tech corporations for doing enterprise with Beijing, and the cash will go straight to the U.S. authorities.
However whereas the far-left media remains to be scrambling to determine the right way to spin this as “dangerous for democracy,” one unlikely voice, Trump-hating billionaire Mark Cuban, simply lit up the Democrats for failing to attain what Trump simply did in a single stroke.
Cuban, who has spent years trashing Trump, took to X to roast far-left darlings Rep. Alexandria Ocasio-Cortez, Sen. Bernie Sanders, Sen. Chuck Schumer, and Sen. Elizabeth Warren:
Hey @AOC, @BernieSanders, @SenSchumer, @SenWarren, each Dem needs to be thanking @potus for doing what the Dems have dreamed of doing, however have NEVER been in a position to do, making a gross sales tax on 2 of the largest semi corporations within the nation ! This opens the door for Gross sales Tax for export licenses on EVERYTHING!
He’s going to generate company tax income that you simply guys solely want you may cross. You have to be thanking him all day, daily for this good transfer you guys couldn’t ever pull off !
Sooner or later, don’t name it a tax, name it a Fee for America. BOOM!
Hey @AOC , @BernieSanders , @SenSchumer , @SenWarren , each Dem needs to be thanking @potus for doing what the Dems have dreamed of doing, however have NEVER been in a position to do, making a gross sales tax on 2 of the largest semi corporations within the nation ! This opens the door for Gross sales Tax…
— Mark Cuban (@mcuban) August 11, 2025
In one other put up, Cuban wrote:
This can be a “billionaire’s tax” structured as a royalty or gross sales tax on semiconductors from probably the most helpful firm on this planet, offered to China.
Whereas it’s scary on loads of ranges to companies and entrepreneurs, it’s what @aoc, @BernieSanders and @SenWarren ought to have considered. They’re so intent on earnings and wealth taxes on “oligarchs”, they don’t have any idea of leverage in enterprise. Trump does.
Potus is extra progressive with regards to taxation than anybody within the progressive wing of the Dems has ever been. The Dems needs to be celebrating simply how progressive it’s. The irony.
If Dems celebrated this as they need to, republicans could be so confused. lol.
He desires to seize no matter income he can from our greatest companies, that are owned by … watch for it … billionaires. He is aware of they’ll pay for one thing he has, that they want. so as to develop their corporations. That’s understanding leverage
He took 15 pct of fairness from an organization. That’s the ULTIMATE wealth tax. He diluted each shareholder, upfront , no matter their internet value. Lol. A progressive dream !
Everybody is aware of how I really feel about POTUS, however he doesn’t get all the pieces mistaken.
Tariffs are dangerous. They kill small companies and entrepreneurs. A gaggle he by no means talks about. He’s useless mistaken right here.
And I disagree on many of the non-business issues he does.
However with regards to tax income technology , as I’ve mentioned to many Dems over the past 12 months, if you wish to generate income from the richest of us, give them incentives to provide you cash and do the precise factor. Significantly for his or her companies.
Trump gave nvidia incentives to pay most likely 4b and rising per yr, know that created 25b or extra in excessive margin income.
Will this make up for the explosion of the deficits we face ? Not because it stands now. Not shut.
However give him credit score for realizing how these CEOs method issues and alternatives , and utilizing his leverage to generate tax revenues .
This can be a “billionaire’s tax” structured as a royalty or gross sales tax on semiconductors from probably the most helpful firm on this planet, offered to China.
Whereas it’s scary on loads of ranges to companies and entrepreneurs, it’s what @aoc, @BernieSanders and @SenWarren ought to have… https://t.co/OrqgwLvduW
— Mark Cuban (@mcuban) August 11, 2025
Translation: Cuban simply admitted Trump outflanked the Left at their very own recreation, taxing companies, whereas defending American pursuits overseas.
The irony is sort of too good. The Democrats who scream about “company greed” and “making the wealthy pay their fair proportion” at the moment are watching Trump make it occur in a approach they by no means might, and with their greatest tech allies footing the invoice.
