President Donald Trump has been at the center of ethics concerns since his 2016 candidacy, largely as a result of his strong business ties that critics say could represent significant conflicts of interest. These issues have continued to cast a shadow over his second term in the White House.
Middle East dealings Since Trump's first term, the Trump Organization has been striking business deals with "Middle Eastern sovereign wealth funds and members of the ruling families of the Arab world," said Mother Jones. The president's sons are "crisscrossing the Middle East, laying the groundwork for deals that will benefit the company," said The Washington Post.
Eric Trump, for example, "signed a deal with representatives from a Saudi real estate development firm to build a Trump-branded resort just north of Doha, Qatar," said Mother Jones. And the president has also "declined to duplicate his first-term pledge to not advance his personal business interests from the White House," said the Post.
Cryptocurrency Trump launched a pair of crypto coins named after himself and first lady Melania. The tokens "provide a way for foreign buyers to curry favor," said Reuters. Within two weeks, his crypto coin brought in $100 million in fees.
The president also has a 60% stake in a crypto platform called World Liberty Financial. Using these crypto channels, there's "no cap on the amount of money a person or government could funnel to the president, his family and the growing list of entities they control," said CNN.
Real estate The Trump Organization has continued to pursue real estate deals throughout both of Trump's terms, several of which raise concerns that Trump's "financial interests could influence foreign policy," said The New York Times. This includes deals in India, Saudi Arabia, Oman, the United Arab Emirates and Vietnam.
Many of these are branding plays in which the Trump Organization "sells its name to international developers that build residential and resort complexes and sell luxury units at a premium, they hope, based on Mr. Trump's perceived star power," said the Times. The office of the president "provides Trump with an unlimited marketing platform to promote his properties," said watchdog Citizens for Responsibility and Ethics in Washington. |