The new mobile venture, announced at Trump Tower in Manhattan, will operate using the networks of the three major U.S. wireless carriers. Some key details about the venture, including those about the family's partner in the business and the financial terms of their licensing deal, were not immediately disclosed

"We are going to be introducing an entire package of products where people can come and they can get telemedicine on their phones for one flat monthly fee, roadside assistance on their cars, unlimited texting to 100 countries around the world," said the President's eldest son, Donald Trump Jr. The new network will be available for a subscription price of $47.45 per month, a reference to Trump, who was the 45th President in his previous term and is now serving as the 47th President.

The announcement also promoted the launch of a "sleek, gold smartphone" that will be "designed and built in the United States."

The Trump family did not disclose which company would manufacture the phone in the United States and sell it for $499. Despite the strength of U.S.-based tech brands, there is no significant domestic smartphone production infrastructure, largely due to high labour costs, complex supply chains, and reliance on overseas component sourcing.

Eric Trump, on a podcast on Monday, suggested that the first delivery of the phones by August might not be made in the United States.

"Eventually, all the phones can be built in the United States of America," Eric Trump said on "The Benny Show" podcast. The President has stated that he placed his business interests in a trust managed by his children to avoid conflicts of interest; however, income from these business ventures will eventually enrich the President, who sits at the top of the Trump family's series of firms.

With Reuters.