In an interview published Friday, the day the intelligence community released a report on Russian hacking, President-elect Donald Trump's son Eric Trump admitted that now might not be the best time for the Trump Organization to pursue business opportunities in Russia. Eric, of course, didn't cite Russia's meddling in the U.S. presidential election as a reason for the company's decision, but rather cast it as a matter of timing. "For years we've looked at deals in Russia and we've never become comfortable with any of the deals that we've seen. Is there a possibility sometime in the next 20 or 30 years we end up in Russia? Absolutely. Is it right for us right now? Probably not," Eric, who is taking over his father's businesses with his brother Donald Trump Jr., told Argentina's La Nacion in Uruguay last week.
"We don't have any business interests in Russia," Eric added. "We don't spend much time there at all." Surprising, given the Trump Organization's attempt to build a Trump Tower in Moscow in 2005, and his brother Donald's assessment in 2008 that they "see a lot of money pouring in from Russia."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Christian extremism: Taking 'holy war' literallyFeature A self-proclaimed minister shot two lawmakers and kept a 'kill list' targeting Democratic officials and abortion providers
-
Iran: Is regime change possible?Feature The U.S.-Israeli attack exposed cracks in Iran's regime
-
What to know about private equity in your 401(k)the explainer BlackRock is making private investments available in employer-sponsored retirement plans
-
Dollar faces historic slump as stocks hit new highSpeed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
-
Economists fear US inflation data less reliablespeed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutinySpeed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress codespeed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirementspeed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff displaySpeed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loomSpeed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
