Trump's 2026 Foreign Licensing Disclosure
What happened
promisereported The family ethics plan said Trump would not manage the company and barred direct foreign-government deals while permitting private foreign transactions.
- Associated Press: The Trump company is not banning private foreign deals2025-01-10 · Ethics-plan safeguards and permissions
actiondocumented Trump filed an annual disclosure listing foreign licensing, management, and development income from multiple entities and countries.
- U.S. Office of Government Ethics: Donald J. Trump 2026 Annual Public Financial Disclosure Report2026-06-30 · Foreign licensing and development income entries
outcomereported The report identified Trump as beneficiary of income from foreign-branded business interests during 2025.
- Associated Press: Crypto, real estate, watches: How Trump made over $1 billion last year2026-07-01 · Foreign licensing summary
- Citizens for Responsibility and Ethics in Washington: Trump's foreign revenue exploded during his first year back in office2026-07-20 · Country and entity analysis
limitationdocumented Disclosure categories do not reveal every customer, counterparty, expense, net margin, or policy connection.
- U.S. Office of Government Ethics: Donald J. Trump 2026 Annual Public Financial Disclosure Report2026-06-30 · Income fields, ranges, and reporting instructions
People and organizations
- Donald Trump and disclosed business entitiesbeneficiary
- Foreign business counterpartiespayer
Assessment
The disclosure documents multiple foreign revenue channels kept running through the presidency. It does not identify every ultimate payer or prove that any government action was traded for business benefit.