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News in English (USA) / 04.08.2025 / 23:00

Trump Sons Launch Investment SPAC to Boost U.S. Manufacturing

Eric and Donald Trump Jr. have launched a new investment vehicle aimed at revitalizing U.S. manufacturing through the formation of a special purpose acquisition company (SPAC). The entity, named New America Acquisition I Corp., has filed for a proposed initial public offering (IPO) with a goal of raising $300 million. This initiative seeks to bolster domestic manufacturing and comes as former President Trump pushes for increased tariffs to support American manufacturers. The Trump brothers are expected to own millions of shares in the SPAC, which aligns with the broader trend of using blank-check companies to facilitate investments in the manufacturing sector.
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