The Trump Organization announced June 16 it was coming out with two offerings for consumers: a new cellular service and a new cellphone.

The Trumps really are launching a smartphone. But many of their promises about the American-made T1 phone are impossible.

Trump Mobile also announced the launch of the T1 Phone, a gold-colored, made-in-America smartphone etched with an American flag that will retail for $499. The company's signature mobile plan, the 47 plan, will offer unlimited talk, text, and data for $47.45 per month.