Trump Unloads Millions in Tech Shares Amid US-China Competition
US President Donald Trump has been selling shares in major tech companies, including Microsoft and Amazon. According to filings by the US Office of Government Ethics, Trump sold shares worth tens of millions of dollars in July, with Microsoft topping the list at $31 million. This move may give some insight into Trump's views on the sector as competition with China intensifies.
The data revealed six trades involving Microsoft, which is a significant amount considering the intense competition between the US and China in the tech industry. Trump also sold up to $26 million worth of Amazon shares and smaller amounts in Meta Platforms, Alphabet (Google's parent company), and Nvidia.
In contrast to his sales, Trump continued to buy shares in other tech giants, although at a lower rate than usual. The exact figures for these purchases are not disclosed, but they indicate that Trump remains optimistic about the future of these companies.