Trump Bought Tobacco Stocks and Raked In Industry Donations as FDA Eased Standards

The Trump administration has pursued an extensive pro-tobacco agenda as the president and his political movement have been buoyed by a flood of tobacco industry money, federal records show.

By: Darius Tahir

Outlets: KFF Health News

Published: June 11, 2026

Words: 1,524

Last Updated: 10 hours, 25 minutes ago

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President Donald Trump, who once declared he had “saved” flavored vapes, grew his stock holdings this year to as much as $1.64 million in tobacco giant Philip Morris.

He also had holdings in Altria and a third leading tobacco company, though an apparent discrepancy in his disclosures clouds the extent of his investments. In 2025, tobacco interests donated $6 million to MAGA Inc., a super PAC that supports the president, and Trump’s inauguration. And, on …

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