In recent weeks, only two said they are still selling Trump-branded goods. One is a Panamanian company selling Trump bed linens and home goods. The other is a Turkish company selling Trump furniture.

Of the rest, some Trump partners quit in reaction to campaign-trail rhetoric on immigrants and Muslims. Others said their licensing agreements had expired. Others said nothing beyond confirming that they’d stopped working with Trump. Their last Trump goods are now being sold off, often at a discount: One cologne is marked down from $42 to $9.99 for an ounce.

“Success by Trump,” the website says. And below that: “Clearance.”

The decline of the Trump merchandise empire is another sign of how politics has changed the president’s business. On one hand, it has allowed his Mar-a-Lago Club and his D.C. hotel to mon­etize his political alliances, raking in money from evangelical Christian groups and GOP campaigns.

But it has also driven away customers and partners who’d been drawn to the old Trump — a hustling icon of ostentatious wealth, who sold golf memberships to the truly rich and $42 cologne to those who merely wanted to be.