Trump's licensing business grew 900% after returning to power

For his first term, President Trump publicly pledged that his company would make "no new foreign deals" with private companies. For his second term, the Trump Organization promised not to make deals with foreign governments. His foreign licensing business made $61 million in 2025, up 900% from 2023, between his presidential terms.

Also, new images reveal that extensive work has begun on an Albanian resort developed by Ivanka Trump and Jared Kushner. The project has sparked massive protests across Albania.

0:00 Trump's foreign licensing business grew 900% after returning to power 0:44 'That would be a conflict' Trump promises no new foreign deals just before taking office in 2017 1:16 Where's the money coming from? "Mostly the Middle East" 4:15 NYT probe reveals new details about Ivanka Trump-linked resort plans in Albania 5:55 Ivanka Trump promotes the project in May

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