A multi-tire trailer and display system includes a trailer and a tire status display unit externally mounted to the trailer and operative to communicate a visible trailer tire inflation pressure status indicia, the display unit mounted to a forward end of the trailer at a mounting location operatively visible to an operator of a tractor during coupled operation of the tractor and the trailer. The display unit has a display panel operatively illuminated for visibly communicating the inflation status of the trailer tires and the display panel may communicate changes in the inflation status of the trailer tires by differentiated colored light emission. The display unit is at an elevated mounting location at a forward end of the trailer so as to be visible by means of a rear-view tractor mirror to an operator of a tractor coupled to the trailer as well as ground personnel. A data processing unit receives tire pressure measurement data from the trailer tires and controls the illumination of the display unit attached to the trailer.