resident Donald Trump has once again proven his mastery of economic strategy, striking a groundbreaking deal with semiconductor titans Nvidia and AMD that will funnel millions into U.S. coffers—all while leaving the far-left scrambling to explain how their own progressive tax fantasies were just executed by the man they love to hate. According to the Financial Times, Nvidia and AMD have agreed to hand over 15% of their revenues from high-end chip sales to China as part of a Trump-negotiated arrangement, effectively imposing a “sales tax” on these corporations for doing business with Beijing. The revenue will flow directly to the U.S. government, a move so audacious that even Trump’s longtime critic, billionaire Mark Cuban, couldn’t help but applaud it.
Cuban, a vocal Trump opponent, took to X to roast progressive darlings like AOC, Bernie Sanders, Chuck Schumer, and Elizabeth Warren, mocking their inability to achieve what Trump just did with a single deal:
“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 for export licenses on EVERYTHING!”
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
Cuban’s admission is a devastating blow to the left’s narrative that Trump is a puppet of corporate interests. Instead, the President has outmaneuvered them at their own game, forcing billion-dollar companies to pay up while securing American economic leverage. Cuban doubled down, writing:
“This is a ‘billionaire’s tax’ structured as a royalty or sales tax on semiconductors from the most valuable company in the world, sold to China… Potus is more progressive when it comes to taxation than anyone in the progressive wing of the Dems has ever been.”
The irony is delicious. For years, Democrats like Sanders and Warren have railed against “corporate greed” and demanded higher taxes on the wealthy—yet it took Trump to actually make it happen. While the liberal media frantically tries to spin this as a negative, the truth is undeniable: Trump understands leverage better than any progressive policymaker.
Cuban even highlighted the brilliance of Trump’s approach, noting that the President “knows [CEOs] will pay for something he has, that they need”—a stark contrast to the Democrats’ heavy-handed, anti-growth tax proposals that stifle innovation.
This is a “billionaire’s tax” structured as a royalty or sales tax on semiconductors from the most valuable company in the world, sold to China.
While it’s scary on a lot of levels to businesses and entrepreneurs, it’s what @aoc, @BernieSanders and @SenWarren should have… https://t.co/OrqgwLvduW
— Mark Cuban (@mcuban) August 11, 2025
Meanwhile, the left’s usual allies in the media are silent or seething, unable to reconcile their hatred for Trump with the fact that he just accomplished their own economic agenda. The President’s deal doesn’t just generate revenue—it strengthens U.S. negotiating power on the global stage, proving once again that Trump’s America First policies deliver real results.