Unless the Trump family secretly built a U.S. factory, industry experts say the $500 Made in America smartphone is a fantasy

Donald Trump’s family business is putting the president’s name behind something that few have dared to produce in years: A Made in America smartphone.

The Trump Organization, led by the president’s eldest sons, said on Monday that it has licensed Donald Trump’s name to a new wireless service and a gold-colored phone. The T1, as the device is called, is supposed to be available in August for $499, and is “proudly designed and built in the United States,” the company said in a statement.