The item in question is a novelty product that takes the form of an inflatable representation of the former U.S. president. Such items are often produced for satirical or comedic purposes, and typically intended for purchase and use as gag gifts or political commentary.
Products of this nature leverage the instantly recognizable image of a public figure to evoke strong reactions. The purpose behind their creation often involves expressing political viewpoints through humor, as well as serving as a form of merchandise connected to political or social movements. Their existence reflects a trend in popular culture of using caricatures and effigies to comment on current events and figures.