Aligning with their father’s protectionist economic policies geared toward the same goal, President Donald Trump’s oldest sons are launching a new firm with a business project that is partially focused on ‘revitalizing American manufacturing.’ New America Acquisition I Corp, a blank-check business backed by Eric Trump and Donald Trump Jr., asked for an initial public offering (IPO) of up to $300 million on August 4.
According to their filing, this special purpose acquisition company (SPAC
The filing states that the launched new firm would want to merge with one or more companies valued at $700 million or more, which would greatly aid in the revitalization of home manufacturing, the growth of innovation ecosystems, and the strengthening of vital supply chains.
The filing states, “Our objective is to target businesses that are not only well-positioned for long-term, sustainable growth, but also deeply aligned with the advancement of U.S. industrial capacity, technological leadership and innovation, and economic resilience.”
Imposing taxes on several manufactured goods, the Trump administration
The family is also participating in crypto projects, owning 60% of World Liberty Financial
