One thing you have to realize about Donald Trump is that it is all about him. Federal law states that the president may not personally accept gifts greater than $480. Gifts of greater value are considered gifts to the United States and are to be turned over to the Smithsonian. During Trump's first term, he kept for himself 117 gifts — worth $291,000 — from foreign governments. In the first year of his second term, he has kept for himself gifts with a value of over $600 million.