Donald Trump’s myriad business interests, the Washington Post points out, present potential conflicts without precedent in the White House.
What’s more, there are no legal provisions blocking his continued involvement in his umbrella company, Trump Organization. The Post reports:
|Trump’s business empire of hotels, golf courses and licensing deals in the U.S. and abroad, some of which have benefited from tax breaks or government subsidies, represents an ethical minefield for a commander in chief who would oversee the U.S. budget and foreign relations, some analysts say.|
As the interactive Muckety map above shows, Trump’s companies have borrowed money from an array of banks, domestic and foreign. His financial disclosure filings show operations in countries such as United Arab Emirates, China and Saudi Arabia.
His children, major advocates for their father during the campaign, hold leadership roles in the company.
The Post reports:
Ethics officials urged Trump during his campaign to pledge he would sell his businesses or cede them to an independent authority. Many modern presidents — including Ronald Reagan, Bill Clinton and both Bushes — went beyond what was required and placed their assets in “blind trusts,” run by third-party managers who keep complete control.
But Trump has refused to make such a pledge, saying only that he would give companies to his children and executives to run. Attorneys said that would put little distance between a President Trump and the businesses he spent a lifetime grooming and profiting from.