Found this, looks like the same outfit minus the sweater vest.
https://www.gettyimages.in/detail/news-photo/donald-trump-during-superboat-race-october-19-1989-at-trump-news-photo/117944004
>>14284950 (me)
Photos from 1989
here is another photo of Trump from 1989. Cover of Time Jan 16, 1989.