Trump has bond holdings of tens of millions of dollars

These include bonds from US cities and airports - but also from Facebook group Meta, chip provider Qualcomm, DIY chain Home Depot and telecommunications subsidiary T-Mobile US. The bonds have been purchased in 690 transactions since January, according to data from the US government.

At the same time, a senior White House official told the financial service Bloomberg that neither Trump nor his family had made the decisions on the investments. They were made by independent financial managers - and with programs based on recognized indices, he said.

Trump's policy not without consequences for bond issuers

The business of some of the companies - above all Qualcomm and Home Depot - could be affected by Trump's policies such as tariffs.

White House spokeswoman Karoline Leavitt pointed out in a statement to the New York Times that Trump turned his back on a multi-billion dollar business to become president - and has since made great sacrifices. "The American people trust President Trump because they know he is acting only in the best interests of our country," she said.

In the USA, all public officials must submit lists of transactions relating to their trading activities. They do not contain specific amounts or prices, only ranges. For example, it shows that Trump invested between 500,001 and one million dollars in bonds from T-Mobile US. The total value of the investments could therefore be significantly higher than the approximately 104 million dollars to which the minimum amounts add up. The list includes purchase transactions up to the beginning of August.

US presidents are not required to divest their investments. However, it was customary for them to do so anyway. Trump also holds a large stake in the Trump Media & Technology Group, which operates his online platform Truth Social.