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Businesses spearheaded by President Donald Trump have struck numerous deals since Trump returned to the White House in January.
Leading the way is the Trump Organization, a conglomerate privately owned by the president. With more than 250 subsidiaries, it serves as a holding company for Trump’s various hotels, residential real estate, towers, resorts, and golf courses across the world.
World Liberty Financial, a decentralized protocol that merges financial services and cryptocurrency, has also brokered deals. A Trump business entity owns 60% of World Liberty and is entitled to 75% of all revenue from coin sales. Eric Trump and Donald Trump Jr. manage the company.
Here are the countries where the Trump empire has been dealmaking.
Vietnam
Vietnam’s government approved a $1.5 billion Trump Organization project — a joint venture with Vietnamese company KinhBac City Development Holding — Tuoi Tre newspaper reported last week. The project consists of a golf course, hotels, and luxury residences, and is slated for completion by 2029. In addition, Eric Trump is scheduled to meet with officials in Ho Chi Minh City on Thursday to discuss a possible Trump Tower in the city, Reuters reports.
In April, the president imposed a “reciprocal” tariff rate of 46% on Vietnamese goods. While that policy is currently on a 90-day pause, it would deal a major blow to the Southeast Asian country if resumed. Goods exported to the U.S. account for 30% of Vietnam’s economy, according to IMF estimates, the largest of all U.S. trading partners. As the specter of these crippling levies looms, Hanoi has pledged to buy more American goods, including Boeing (BA) aircraft and agricultural products.
Serbia
Trump first introduced the idea of developing a Trump hotel on a government-owned site in Belgrade, Serbia, a decade ago. In January, details emerged about a deal that would make that vision a reality. Since then, the Trump Organization — partnering with Affinity Partners (the investment firm of Jared Kushner, Trump’s son-in-law) and Emirati developer Eagle Hills — has received the green light to build a $500 million real estate project in the Serbian capital.
Trump Tower Belgrade is planned for the site of the former Yugoslav Ministry of Defense headquarters, which was heavily damaged during the 1999 NATO bombing campaign. The complex will feature a 175-room Trump International Hotel, 1,500 luxury residential units, retail spaces, and a memorial honoring victims of the NATO bombings.
Oman
In March, the Trump Organization, in partnership with Saudi developer Dar Global, advanced a real estate venture in Muscat known as the AIDA project. The development will include luxury residences, each priced at around $2 million. Phase 1 is valued at $200 million. The AIDA project will also feature a $500 million luxury resort, with an 18-hole championship golf course, a members-only club, and a nightclub, scheduled to open in December 2028.