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Home Business & Finance Economic Policies

Donald Trump is endorsing guitars worth $10,000 after cryptocurrency ventures, Bibles, sneakers, watches

November 20, 2024
in Economic Policies
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Donald Trump is endorsing guitars worth $10,000 after cryptocurrency ventures, Bibles, sneakers, watches
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US President-elect Donald Trump has endorsed a line of guitars, following up on the Bibles, sneakers, watches, photo books and cryptocurrency ventures launched during his third White House campaign, as per a report.

Trump on Wednesday posted to Truth Social a photo of himself holding what he said was a “Limited Edition ‘45†Guitar,†an electric model emblazoned with an American flag and eagle on the body, and Trump’s “Make America Great Again†slogan inlaid into the neck. Both acoustic and electric styles are available, for $1,250 and $1,500, respectively, as well as “Presidential†and “God Bless the USA†models and “Signature Edition†guitars, which — with a $10,000 price tag — also include Trump’s signature, AP reported.

What’s not clear is the financial relationship between Trump and proceeds from the guitar sales.
Following his long tradition of melding his political and business interests, Trump has hawked a series of branded products since he launched his 2024 White House campaign, a slew of items that went up for sale in the wake of a $489 million civil fraud judgment against the former president.

Some of them, like the “Official Trump Watch Collection†— where one model costs $100,000 — were listed as affiliated with CIC Ventures LLC, a company that Trump reported owning in his 2023 financial disclosure.


Websites for items like the watches note that the products are subject to a “paid license agreement,†the same mechanism that allowed Trump, well before he entered politics, to profit for years from sales of everything from water to vodka and steaks.As of Wednesday, GetTrumpGuitars.com included no such disclaimers, or even the name of the company selling the items. An FAQ page lists information about how many of each model are being made available — and notes that these models are “the ONLY guitars endorsed by President Donald J. Trump!†— but includes none of the disclaimers or licensing language on some of Trump’s other product sites.The guitar website’s privacy policy does include a suburban Nashville address for a couple, neither of whom immediately returned a message seeking comment Wednesday. Photos on their social media pages showed that they attended Trump’s election-night party in Florida.

Messages left with 16 Creative — a branding agency listed at the bottom of the guitar website — and Trump’s transition team also were not immediately returned.

Leading up to his win in the general election, Trump this year has announced the sale of $100 silver coins bearing his face, urged his supporters to spend $59.99 for a “God Bless the USA Bible,†inspired by country singer Lee Greenwoodâ€s patriotic ballad, and hawked new Trump-branded sneakers at “Sneaker Con,†a gathering that bills itself as the “The Greatest Sneaker Show on Earth.â€

He also has dabbled in NFTs, or nonfungible tokens, and last year reported earning between $100,000 and $1 million from a series of digital trading cards that portrayed him in cartoon-like images, including as an astronaut, a cowboy and a superhero.

FAQs

Q1. Who is US President-elect?
A1. Donald Trump is the US President-elect.

Q2. What is social media of Donald Trump?
A2. The social media of Donald Trump is “Truth Social”.

Disclaimer Statement: This content is authored by a 3rd party. The views expressed here are that of the respective authors/ entities and do not represent the views of Economic Times (ET). ET does not guarantee, vouch for or endorse any of its contents nor is responsible for them in any manner whatsoever. Please take all steps necessary to ascertain that any information and content provided is correct, updated, and verified. ET hereby disclaims any and all warranties, express or implied, relating to the report and any content therein.

Tags: cryptocurrencyDonald TrumpDonald Trump endorsementDonald Trump latest newsDonald Trump news
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