Trump Demands Revenue Shares and Executive Resignations from Corporations

Donald Trump has increased direct pressure on U.S. corporations and executives, demanding specific personnel changes and revenue-sharing agreements. In a departure from traditional free-market principles, the president announced a deal requiring Nvidia to provide the U.S. government with a 15% share of its H20 chip sales in China in exchange for eased export restrictions.

Treasury Secretary Scott Bessent indicated the administration may seek similar payments from other firms. Trump also targeted executive leadership at other major institutions, calling on Goldman Sachs CEO David Solomon to fire chief economist Jan Hatzius following warnings about tariff-driven inflation. He initially demanded the resignation of Intel CEO Lip-Bu Tan, though he reversed this position after a personal meeting.

Further actions included the firing of the head of the Bureau of Labor Statistics following a disappointing jobs report. While some observers characterize these interventions as a shift toward state capitalism, White House spokesperson Kush Desai defended the approach, stating the president's leadership is paving the way for a "new Golden Age for America."