US president-elect Donald Trump says brand Trump ‘hotter’, denies conflict of interest
The US President-elect Donald J. Trump on Tuesday said he is not legally obliged to establish boundaries between his Business Empire and White House.
Talking in an interview with The New York Times, Trump claimed his brand “is certainly a hotter brand than it was before,” but figure out a way to insulate himself from his businesses.
Trump can legally run the country and his own business at the same time, and even promote policies that support his business interests. According to the US law, it’s not mandatory for President to stay away from his personal interests, though historically presidents have avoided these conflicts of interest.
“In theory I could run my business perfectly and then run the country perfectly. I’d assumed that you’d have to set up some type of trust or whatever and you don’t,” Trump said.
However, Trump earlier said that he won’t put his business empire into a blind trust to avoid any conflicts of interest if he’s elected president, but will let his children to run the business.
The Trump Organization owns real estate, hotels, resorts, residential towers, and golf courses in different countries and has interests in real estate development, investing, brokerage, sales and marketing, and property management, among others.
Currently, Trump serves as chairman and president of the international conglomerate, while his three children Donald Trump Jr., Ivanka Trump, and Eric Trump, are serving as executive vice presidents.
“Well, I don’t know if it’s a blind trust if Ivanka [Trump], Don [Trump Jr.] and Eric [Trump] run it,” Trump said during a GOP debate.
“I don’t know. But I would probably have my children run it with my executives and I wouldn’t ever be involved because I wouldn’t care about anything but our country, anything,” he added.