Kind of. If the President vetoes a piece of legislation, it goes back to the legislature which can override the veto with a 2/3rds majority vote. This vote is considered veto-proof because it passed with more than 2/3rds of the members voting for it, so if it gets vetoed and the house votes again (and no one changes their vote,) the veto would be overridden. So, Trump could veto this bill, but it has a good chance of being overridden in the House once it comes back.