Latest news with #TrumpMobile
Hindustan Times
32 minutes ago
- Business
- Hindustan Times
Trump, Starmer cemented ‘fair' trade deal to slash tariffs on both sides
US President Donald Trump and Prime Minister Keir Starmer said Monday that they are signing a trade deal that will slash tariffs on goods from both countries. Also Read: Trump's order can allow VA doctors to refuse treatment to unmarried veterans, Democrats The deal does not include tariffs on steel, an especially important piece of bilateral trade. Instead, talks are still going on about whether steel tariffs will be cut to zero as planned in the provisional agreement. Also Read: Trump Mobile: All about president's new mobile service and gold 5G phone Trump and Starmer announced in May they'd struck an agreement that would slash US import taxes on British cars, steel and aluminum in return for greater access to the British market for US products including beef and ethanol. But it did not immediately take effect, leaving British businesses uncertain about whether the UK could be exposed to any surprise hikes from Trump. Also Read: Trump mixes India-Pak conflict with Iran-Israel hostilities: 'They will make a deal' British businesses, and the UK government, were blindsided earlier this month when Trump doubled metals tariffs on countries around the world to 50 per cent. He later clarified the level would remain at 25 per cent for the UK. Starmer said Monday that the trade agreement is 'in the final stages now of implementation, and I expect that to be completed very soon.' Trump said the deal is 'gonna produce a lot of jobs, a lot of income." (AP)
CBC
an hour ago
- Business
- CBC
Trump Organization launches mobile service, touting a $499 phone
U.S. President Donald Trump's family business licensed its name to a new mobile service in the United States and a $499 US smartphone on Monday, calling it Trump Mobile, in the latest deal brokered by the president's children to capitalize on his name while he is in office. The new mobile venture, announced at Trump Tower in Manhattan, will operate using the networks of the three major U.S. wireless carriers. Some key details about the venture, including the financial terms of the licensing deal, were not immediately disclosed. "We are going to be introducing an entire package of products where people can come and they can get telemedicine on their phones for one flat monthly fee, roadside assistance on their cars, unlimited texting to 100 countries around the world," said the president's eldest son, Donald Trump Jr. The announcement also promoted the launch of a "sleek, gold smartphone" that will be "designed and built in the United States." It is not known which U.S.-based company could deliver a phone at that price, a feat that has eluded the world's largest phone makers, including Apple. Despite the strength of U.S.-based tech brands, there is no significant domestic smartphone production infrastructure, largely due to high labour costs, supply chain complexity, and reliance on overseas component sourcing. Eric Trump on a podcast on Monday suggested that the first delivery of the phones by August might not be made in the United States. "Eventually, all the phones can be built in the United States of America," he said on The Benny Show podcast. There was no immediate word on any availability in Canada. Donald Trump has said he put his business interests in a trust managed by his children to avoid conflicts of interest, but income from such business ventures will eventually enrich the president, who sits atop the series of Trump family firms. In Trump's financial disclosure released on Friday, he reported more than $600 million US in income from licensing deals, crypto projects, golf clubs and other ventures. Those numbers appeared to be through the end of 2024, before he was inaugurated for his second term as president. Since then, the Trump family's crypto projects alone have brought in hundreds of millions of dollars. "No one who has been paying attention could miss that President Trump considers the presidency a vehicle to grow his family's wealth. Maybe this example will help more come to see this undeniable truth," said Lawrence Lessig, a law professor at Harvard Law School. The Trump Organization has had a string of business failures tied to licensing, including Trump Vodka, Trump Steaks, Trump Mattresses, Trump Ice and Trump University. U.S. call centres The mobile service will include call centres based in the U.S., according to the announcement by the Trump Organization, the term the family uses to describe the president's multiple business ventures. Wireless service provider AT&T currently operates call centres in the United States. T1 Mobile uses the "Trump" name under a trademark licence, similar to other Trump-branded ventures. According to the Trump Mobile website, the Trump Organization is not involved in designing the smartphone, manufacturing it, providing or selling the cellular service. It was not immediately clear who is operating T1 Mobile LLC, which was registered in Florida in April under a Palm Beach Gardens address. The company's registered agent, attorney Stuart Kaplan, referred questions to the company's press handlers. Representatives of the Trump organization and T1's PR contact did not reply to requests for comment. The U.S. mobile network market is dominated by three national carriers: Verizon, AT&T, and T-Mobile, which together control over 95 per cent of the wireless market. But mobile virtual network operators (MVNOs), which buy network capacity from the major U.S. carriers, are becoming increasingly popular for targeting niche markets. Actor Ryan Reynolds was both an investor and spokesperson for Mint Mobile, a low-cost MVNO aimed at light phone users, which was later acquired by T-Mobile for $1.35 billion US. It can be difficult for such ventures to make money, an analyst said. "MVNOs account for barely three to four per cent of U.S. wireless subscriptions and customer churn tends to be high," said Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors. "Unless Trump Mobile cracks the million-subscriber mark — well above most celebrity MVNOs — the financial impact is de minimis." A website that went live after the announcement said the new Trump-branded smartphone will be available from September. The new network will be available for a subscription price of $47.45 US per month, a reference to Trump, who was the 45th U.S. president in his previous term and is now serving as the 47th. "This latest move raises more questions than answers. As always the devil is in the details, given that it is unclear around the actual commercial relationship with the telecom players and so forth," said Paolo Pescatore, TMT analyst at PP Foresight.
American Press
an hour ago
- Business
- American Press
Trump family's next venture, a mobile phone company
President-elect Donald Trump, center left, takes the oath of office during the 60th Presidential Inauguration in the Rotunda of the U.S. Capitol in Washington on Monday. (Associated Press) The Trump family is licensing its name to a new mobile phone service, the latest in a string of ventures announced while Donald Trump is in the White House despite ethical concerns that the U.S. president could mold public policy for personal gain. Eric Trump, the president's son running The Trump Organization in his absence, announced a new venture Monday called Trump Mobile. The plan is to sell phones that will be built in the U.S., and the phone service will maintain a call center in the country as well. The announcement of the new mobile phone and service, called T1 Mobile, follows several real estate deals for towers and resorts in the Middle East, including a golf development in Qatar announced in April. A $1.5 billion partnership to build golf courses, hotels and real estate projects in Vietnam was approved last month, though the deal was in the works before Trump was elected. Even oversight of such a company, with the Trump name attached, raises ethical concerns. Trump has already used the federal government to reward his allies and punish his enemies. The Federal Communications Commission, the primary regulatory body overseeing mobile phone companies, has already launched investigations of media outlets Trump dislikes and, in some cases, is personally suing. Eric Trump said Monday that consumers deserve a phone that aligns with their values. 'Hard-working Americans deserve a wireless service that's affordable, reflects their values, and delivers reliable quality they can count on,' he said in a statement. The company would also enter a highly competitive market that includes companies that have been directly attacked by Donald Trump. The president criticized Apple last month because it planned to make most of its U.S. iPhones in India, and threatened to slap a 25% tariff on the devices unless the tech giant starts building the phones domestically. The Trump phone deal comes as a mandatory financial disclosure report just filed with the government shows the president has moved fast in the last year to profit off his celebrity, taking in $3 million in revenue from selling 'Save America' coffee table books, $2.8 million from Trump watches and $2.5 million from Trump branded sneakers and fragrances. The Trump Organization on Monday said the new, gold-colored phone available for $499 in August, called the T1 Phone, won't be designed or made by Trump Mobile, but by another company. The Trump Organization did not respond immediately to a request for more details. In the first term, Trump was blasted by conservative and liberal government ethics experts alike for opening his Washington hotel to lobbyists and diplomats and violating his company's pledge to avoid even the appearance of a conflict between his private profit and the public interest. The company is feeling more emboldened now in the second term. The mobile service is partnering with existing cellular carriers with access to a 5G network, raising questions of how they will be treated by federal regulators now that they have partnered with his company. The Trump Organization said those companies are America's three biggest mobile network providers, an apparent reference to Verizon, AT&T and T-Mobile, the latter with a trademarked name that is very similar to Trump's T1 Mobile. The name given to the monthly service offer, The 47 Plan, and the monthly fee of $47.45 make reference to Trump's two terms, the 45th and the 47th. The service will include unlimited calls, texts and data and free roadside assistance and telehealth services. A mock-up of the planned phone on the company's website shows Trump's slogan 'Make America Great' on the front and an etched American flag on the back. By sticking to licensing, the Trump family is limiting its risk. Still, the new service faces big challenges if it hopes to sell beyond the president's loyal MAGA fans. The Trump company tried to tap into support among the middle class in the first term with two mid-priced hotel chains. Called American Idea and Scion, and unveiled like the phone service Monday under a giant U.S. flag in the Trump Tower atrium, they flopped. Despite taking in millions of dollars each year in various licensing deals and a string of new ventures, the Trump brand has taken a series of hits to its brand over the years. During his first term, the Trump name was stripped off residential buildings and hotels in Toronto, Panama and Manhattan. The Trump International Hotel in Washington, since sold, lost money even though the family opened its doors to businesses and governments trying to shape U.S. policy. The average condo in 11 Trump-branded residential towers around the country underperformed the broader market during and immediately after Trump's first term. More recently, the value of Trump condos in New York City fell in the past two years as similar properties rise in value, according to brokerage CityRealty. The Trump Organization has had more success with some ventures launched in the first few months of his second term. Trump Media & Technology Group, a Florida company that operates the Truth Social media platform, filed plans with security regulators Monday to launch an exchange-traded fund tied to the prices of two popular cryptocurrencies. The ETF is part of the Trump family's rapidly growing crypto empire, which includes a new stablecoin and launching and promoting memecoins. The president's most recent financial disclosure report reveals he made more than $57 million last year from World Liberty Financial, a crypto company he and his sons helped launch in September.
Yahoo
an hour ago
- Business
- Yahoo
Patriot Mobile Congratulates Trump Mobile on Its New Launch
Grapevine, TX, June 16, 2025 (GLOBE NEWSWIRE) -- Patriot Mobile, America's only Christian conservative wireless provider that has, for over 12 years, given back to organizations fighting for America's freedom, today congratulates the Trump Mobile team on launching their new business. 'As trailblazers of the Red Economy back when it was still an uncharted path, Patriot Mobile welcomes more businesses to join us in shaping a values-driven marketplace,' said Glenn Story, Patriot Mobile Founder and CEO. 'Our mission remains as strong as ever. We remain the only wireless provider that is both Christian and conservative. God is at the helm of our business, and we pray for the Trump organizations success.' Founded in 2013, Patriot Mobile has been standing on the front lines defending our God-given rights and freedoms through multiple presidential administrations. The company's mission is to relentlessly fight for our God-given rights and freedoms and to glorify God always. Patriot Mobile contributes millions of dollars every year to organizations that fight for liberty. Patriot Mobile's four pillars of giving are the First Amendment, the Second Amendment, the sanctity of life and we support our military and our first responders. 'We are so proud to support organizations that have had such an impact on America. Susan B. Anthony for Life, Students for Life, Concerned Women for America, and Embrace Grace have saved hundreds of thousands of babies. First Liberty and Alliance Defending Freedom have made great strides in landmark cases defending our constitutional rights. Gun Owners of America, Women for Gun Rights and the NRA are on the front lines protecting our Second Amendment. Folds of Honor, Boot Campaign, Warrior Rising and Soldier Strong are working hard to help our veterans,' said Jenny Story, Patriot Mobile COO. 'These are just some examples of the many organizations we have supported over the years. You can see others on our website.' As one of the very few organizations that has been standing in the gap for every American that believes freedom is worth fighting for, Patriot Mobile has never wavered in the face of consistent, repeated attacks in standing for faith, family, and freedom. Patriot Mobile continues to deliver exceptional wireless service on all three major networks at competitive prices backed by top-tier all U.S. based customer service. For more information, go to CONTACT: Patriot Mobile Patriot Mobile media@ in to access your portfolio
RNZ News
an hour ago
- Business
- RNZ News
Trump sons announce wireless service called Trump Mobile
By Allison Morrow , CNN Donald Trump Jr. and Eric Trump at the Bitcoin 2025 conference in Las Vegas in May. Photo: Travis Ball/Sipa USA via CNN Newsource The Trump Organization is licensing the Trump name for a new wireless service that's being marketed to the president's supporters and puts the brand in competition with major phone carriers like AT&T and Verizon and smartphone makers like Apple and Samsung. "A big part of what we've done … has been focused on technology for people who have been underserved, whether that's been in crypto or anything else, but one of the places where we felt there was lackluster performance was in the mobile industry," Donald Trump Jr said early Monday at an event at Trump Tower in New York. A website for the project advertises a $47.45 a month plan, an apparent reference to President Donald Trump's terms as the 47th and 45th president of the United States. The Trumps emphasized the new mobile company's focus on American-made devices - a gold-hued "T1" smartphone was available for pre-order Monday for $499 - and US-based services. "You're not calling up call centers in Bangladesh," Eric Trump told Fox Business in an interview Monday. "You're doing it right out of St. Louis, Missouri." "With Trump Mobile, we're going to be introducing an entire package of products," Trump Jr said, including telemedicine, roadside assistance and unlimited texting. The announcement, timed to coincide with the 10-year anniversary of the day Donald Trump took the golden escalator down to announce his 2016 presidential run, marks the latest expansion of the Trump family business into tech, cryptocurrencies and media. The vast and growing scale of the Trump family businesses - which include long-held real estate and casino holdings along with more recent forays into digital finance and branded tchotchkes - has deepened concerns about the president's willingness to flout ethics conventions while in office. (The White House has repeatedly denied any suggestion of impropriety. Press secretary Karoline Leavitt has previously said it's "ridiculous" that anyone would suggest Trump is "doing anything for his own benefit" and that the White House holds itself to the "highest of ethical standards.") The Trump Organization is the main holding company for President Trump's private businesses, and it is run by his eldest sons, Eric and Donald Jr. The mobile service will work with all three major wireless carriers, the Trump Organization said. - CNN
