Trump uses key cabinet meeting to show off new $55 hats

PoliticsBusiness & Finance
29 May 2026 • 1:11 PM MYT
The Independent
The Independent

The world’s most free-thinking newspaper

Trump uses key cabinet meeting to show off new $55 hats

  • The White House displayed red, $55 hats from the president’s family company at a cabinet meeting, blurring the lines between government business and private profits.
  • Each cabinet official had a hat, celebrating America's 250th anniversary, placed before them, available for purchase on the Trump Store website alongside other branded merchandise.
  • The watchdog group Citizens for Responsibility and Ethics in Washington argues Trump has pursued an “unprecedented level of monetization of the presidency”, noting over 600 new products launched by the Trump Store since the president took office.
  • The president's net worth has reportedly risen to approximately $6.5 billion, partly due to the Trump family’s World Liberty Financial crypto business.
  • During the meeting, the president dismissed concerns about the Iran war's impact on midterms, while Homeland Security Secretary Markwayne Mullin criticised “radical left Democrats” regarding a protest at an ICE facility.

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