Donald Trump, the president-elect has announced that he will leave his business operations to focus solely on running the presidency of the United States of America. Mr. Trump, on Wednesday announced that to avoid a conflict of interest with his business, and the presidency, he will sever all ties with the Trump entities.
On November 30, he posted this message on his Twitter account “I will be holding a major news conference in New York City with my children on December 15 to discuss the fact that I will be leaving my … great business in total in order to fully focus on running the country in order to MAKE AMERICA GREAT AGAIN! While I am not mandated to do this under the law, I feel it is visually important, as President, to in no way have a conflict of interest with my various businesses.”
The president-elect had promised on Dec. 15, to reveal his announcement in full at a joint press conference with his children.
Additionally, according to the Office of Government Ethics the president and vice president are exempt from certain laws. Therefore, president-elect Donald Trump is not obligated to cut ties with his highly successful organizations.
In an interview on November 23, Mr. Trump told the New York Times “The law is totally on my side, meaning, the president can’t have a conflict of interest.” “In theory, I can be president of the United States and run my business 100 percent, sign checks on my business.”
The real estate mogul’s conglomerate spans several continents. The Trump organization owns many business interests in several countries around the globe. Mr. Donald Trump, president-elect of the United States of America, owns companies in Saudi Arabia, Argentina, India, Canada, Scotland, Panama, Turkey, South Korea, Uruguay, the Philippines, Brazil and Azerbaijan.
Most notably, the billionaire businessman also owns a vast array of businesses throughout the United States of America.