Trump business will pursue U.S. deals, but not foreign ones
ASSOCIATED PRESS
President-elect Donald Trump took questions from members of the media during a news conference, today, in New York. The news conference was his first as President-elect.
NEW YORK >> Donald Trump’s business will continue to pursue deals in the United States, though not abroad, while he is president, and he will relinquish control of the company, a lawyer who worked with the Trump Organization on the plan said today.
Trump will put his business assets in a trust and take other steps to isolate himself from his company, according to Sheri Dillon of Morgan Lewis, who spoke at Trump’s first news conference since his Nov. 8 election.
The announcement appears to contradict what Trump had said a tweet last month — “no new deals” while in the White House.
The plan also falls short of what some government ethics experts have urged Trump to do — sell his assets and put the cash in a blind trust overseen by an independent manager, as many recent presidents have done.
Dillon said that was not practical, and that Trump “should not be expected to destroy the company he built.”
Also, some ethics experts had worried that a complete divestment would take too much time and prove too complicated given that much of Trump’s wealth is tied up in real estate that can’t be sold quickly and that his business interests are so sprawling. Trump has stakes in 500 companies in about 20 countries.
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Under the plan intended to help allay concerns about conflicts of interest, Trump will hand managerial control of his company to his two adult sons and a longtime business executive. Dillon also said that the Trump Organization will appoint an ethics adviser to its management team who must approve deals that could raise concerns about conflicts.
Trump plans to donate money spent by foreign governments at his hotels to the U.S. Treasury, Dillon said.
Trump’s new hotel in the nation’s capital, not far from the White House, has been under the spotlight since he opened it late last year. There were news reports that diplomats were choosing to stay at the hotel and throw parties there in an apparent attempt to curry favor with the president-elect.
25 responses to “Trump business will pursue U.S. deals, but not foreign ones”
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See the PE on Youtube Live!right now! MAGA!
“Waaaahhh! Fake news! We Won! MAGA!” JohnnyRayBobRicey’s next quote cause he can’t come up with anything new.
Let’s see how Trump performs. For the good of the country I hope he does a good job.
What an embarrassing news conference. Way too much shibai. I hope we survive the next 4 years.
What do you mean “we”?
Trump will make MAGA for everyone except allie.
It’s the PEE.
Trump is a smart man who will be a HUGE assest for the USA. Thank God !
It’s pronounced “Yuge”.
He’s holding Firm to The Fake News Media and will NOT take their Baloney. Let’s hold the msm accountable. Right On PE Trump
Lol,24/7 folks. All conflicts,all day,all year. No time for US business. Either trumpo business fails or the US fails. You really believe a greedy man like this would sacrifice his “Empire”? So the US will fail. A 70+ old man cannot hold down two jobs, much less president of the US. HE WILL FAIL.
Hired prostitutes? Sounds like Ivana’$ father in law,Charles Kushner.
The real question is how the United States will respond when one of the foreign Trump hotels is attacked by ISIS or any other group. Which will definitely happen. This is all new territory for us, folks. Will Trump respond with US military power if one of his family assets is damaged or destroyed?
We’ve never had a President with his name in gigantic gold letter on foreign hotels.
We shall see. You might just realize it is also a United States asset.I’m sure you will be upset if it doesn’t happen. Another slow day at the loser lawyer office? Pathetic. Love that word.
Of course, his hotel abroad is not a United States asset. It might be for folks like you who know absolutely nothing about international law and common sense.
And of course you lie as you always do regarding what would make me upset or not.
You cannot see that the man you admire is creating a cesspool of conflicts that have been crafted for his own enrichment. He is the most unfit person to ever seek public office. Anywhere, ever. And it will end very badly.
Better leave the Country before the kaka hits the fan. And don’t let the door hit your behind on the way out. And take allie with you.
lespark – No.
Patriots don’t leave when a spectacularly unqualified person takes control. They fight.
If Trump was smart, he’d sell all assets now.
With all the people and baggage and supplied going in and out, it’s prohibitively expensive to protect a hotel targeted by terrorists. Hotel attacks have tepeatedly happened all over the world.
After the first attack a Trump hotel, all his properties will lose their value, and Trump won’t be able to sue a terrorist.
#MAGA? (Make America Go-boom Again?)
who would want to stay where there is a target above fire bed?
Definitely… big big targets. Bet Trump will be deploying intelligence assets to protect these hotels and golf courses.
Releasing his tax returns would be an immense help, to himself and the country. Actually, immense help is an understatement.
But like Donald said, only the media WANTS his taxes released…#MAGA
Boy did that CNN reporter get what he deserved! The MSM were “Clueless” and stepped right in it again! Is it me? I remember someone here, with the letters beginning w/Klas….who said that Liberals were the Smartest people in our country,that “The Deplorable and the Irredeemable” were “Low Information” Voters? Remember that one gang? Did he get “Moderated” for that?
Back to the issue at hand “They Stepped in it Again” Pt.2
Remember the last meeting the MSM had with PE Trump, at Trump Tower? Totally naive believing Trump would Cave-in and change his ways to theirs? WRONG AGAIN! What happened next? PE Trump opened up a can “Whooparse” Haaaaaaaaaaaaaaaaa. And he did AGAIN today to the MSM! But on a lower scale Haaaaaaaaaaaaaaaaaaa!
I just love this guy!This is why so many Americans across the country simply LOVES PE. Donald J Trump! “NO Fake News,Phony Baloney ,Plastic Banana” holding the news medias accountable.
I am soooo Elated for the New POTUS & wish our Liberals friends would come together and unite w/us in “Making America Great Again”, I mean really folks……. “What The Hell Do You Have To Lose?”
aaaaaaaaaaaaaaaah Look at the Sunshine! What a Breath of Fresh Air.Bringing Jobs back,Repealing The ACA, Building “The Wall”,Protecting American Lives and Their Job,Coalescing with the Real Job Creators of our country, Stock Market (Dow Industrial) performing at record levels ,restoring the integrity of this mighty Country again! Wow!
Read the statement by the Office of Government Ethics on Trump “wholly inadequate” plan to deal with his conflicts of interest: https://www.brookings.edu/wp-content/uploads/2017/01/20170111_oge_shaub_remarks.pdf
My big concern is what he’ll do when a Trump-branded hotel abroad is attacked. It’s just a matter of time.
The value of the Trump empire would plummet, and there’s nothing hell be able to do about it.