Trump Sons Launch New Business Venture Focusing on US Manufacturing

Eric Trump and Donald Trump Jr. are backing New America Acquisition I Corp, a SPAC targeting US manufacturers with a $300 million public offering on the New York Stock Exchange.

As advisers to New America, Eric Trump was granted three million founder shares and Donald Trump Jr. received two million shares.

New America aims to revitalize domestic manufacturing, expand innovation ecosystems, and strengthen supply chains by acquiring companies valued at $700 million.

Eric and Donald Trump Jr. could see substantial returns on their investments in New America post-merger.

Kevin McGurn and Kyle Wool will lead New America as CEO and adviser, respectively.

This venture aligns with President Trump’s focus on boosting US manufacturing through tariffs on foreign nations.

Trump Media & Technology Group, which owns Truth Social, also went public through a SPAC merger, resulting in a significant windfall for Trump.

Last month, GrabAGun, an online gun dealer backed by Don Jr., went public through a similar blank-check deal.

Investment firms D. Boral Capital and Dominari Securities will offer shares in New America, continuing their collaboration with Don Jr.