Trump's 2026 Foreign Licensing Disclosure

2026-06-30

unresolved

Promised: 2025-01-10The family ethics plan said Trump would not manage the company and barred direct foreign-government deals while permitting private foreign transactions.Open cited record · 1 source
The record: 2026-06-30Trump filed an annual disclosure listing foreign licensing, management, and development income from multiple entities and countries.Open cited record · 1 source2025-12-31The report identified Trump as beneficiary of income from foreign-branded business interests during 2025.Open cited record · 2 sources
Who gained: Donald Trump and disclosed business entities
Who paid: Foreign business counterparties
Audit finding: unresolved
The disclosure documents multiple foreign revenue channels retained during the presidency; it does not identify every ultimate payer or prove that any government action was exchanged for business benefit.
Causal strength: documented mechanism

Evidence chronology

promise2025-01-10reported
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
Open underlying ledger entry
action2026-06-30documented
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
Open underlying ledger entry
outcome2025-12-31reported
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
Open underlying ledger entry
limitation2026-07-20documented
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
Open underlying ledger entry

limitation
Disclosure categories do not reveal every customer, counterparty, expense, net margin, or policy connection.