Trump Kids Boost Their SPAC: New America Acquisition I Corp.
Donald “Donnie” Jr. and Eric are steering the ship of New America Acquisition I Corp., a special purpose acquisition company (SPAC) with sights set on a $300 million IPO on the New York Stock Exchange, as reported in a recent securities filing.
Why This Matters
- $300 million target—a hefty splash in the market.
- First move by the Trump clan into the SPAC arena.
- Stock exchange: NYSE, the big house.
Ask Yourself
Will the Trump siblings make this a blockbuster, or will the SPAC saga end up like a sitcom? Time will decide.
Trump’s New SPAC: Reviving American Manufacturing – With a Side of Tariff Drama
In a bold move that feels like a sequel to a blockbuster franchise, the Trump brothers are launching a fresh SPAC (Special Purpose Acquisition Company) that’s aiming to shake up U.S. industry with a hefty $700 million target. The plan? Hook up with businesses that can boost domestic factories, spark new tech hothouses, and tighten those supply‑chain knots.
Who’s Steering the Ship?
- Kevin McGurn – A tech veteran ready to lead the venture.
- Kyle Wool – Lending wisdom as an adviser.
- Underwritten by D. Boral Capital & Dominari Securities (Wool’s company’s sub‑unit).
Two Big Names, Two Big SPACs
It’s not the first time Trump’s crew has dipped into the SPAC jug‑vas: last year, Trump Media & Technology Group (Truth Social’s parent) pop‑d up on the market. More recently, GrabAGun – backed by 1789 Capital where Donald Jr. holds a seat – wrapped up its own SPAC deal.
Why This All Matters
Pulling in line with President Trump’s “America First” playbook, the strategy is all about reshoring essential supply chains from China and, more importantly, bolstering U.S. economic heft and national security.
The administration has slapped 10% tariffs on imports from every country—plus pushed up to 125% on Chinese goods—making overseas products pricier and nudging firms to look homeward. These shields are built on the International Emergency Economic Powers Act and are meant to right trade deficits and beef up U.S. manufacturing.
Quickie on the Blade‑off with China
In a flash move, U.S. and Chinese negotiators signed a 90‑day tariff truce: U.S. duties on Chinese goods fell from 145% to 30%, and China trimmed its tariffs from 125% to 10%. That’s a bend‑but‑not‑breakful relief for businesses stuck in a trade dance.
Steel Industry’s Cheers
With steel making a front‑back in the conversation, Nucor Corp. was quick to shout out in support. CEO Leon Topalian hammered home:
“Nucor strongly commends the actions taken today by President Trump to reimpose tariffs on all steel imports. America’s national security depends on a robust and healthy American steel industry.”
“The President’s actions will help level the playing field for American steel producers and the more than 24,000 men and women who work in our industry.”
In short, the Trump‑run SPAC is a high‑stakes comeback that’s ready to give a lift to U.S. manufacturing, climb up domestic supply chains, and flex the strong tax‑and‑tariff arm for a more national‑first economy.