Trump Organization to Adopt Ethics Policy Allowing Foreign Deals
The Trump Organization is preparing to implement a new ethics policy that will not prohibit foreign business dealings, as revealed by a recent New York Times analysis. This decision allows the organization to pursue a variety of ventures globally, taking advantage of Donald Trump’s presidency without the restrictions that were previously in place.
Eric Trump, who is leading the company, is expected to avoid direct deals with foreign governments but has no intention to reinstate the original commitment to avoid all foreign deals made eight years ago. This shift will enable the organization to engage in international business activities that align with U.S. foreign policy interests.
In the lead-up to the election, Eric Trump engaged in real estate transactions in countries like Vietnam and Saudi Arabia, indicating a proactive approach to expanding the company’s global footprint. The Trump Organization is also exploring new opportunities in various regions, including the Middle East and Latin America.
Additionally, the Trump family is diversifying their business interests beyond real estate. They have recently launched a cryptocurrency platform, which has already attracted significant investments, including a notable deal with a Chinese entrepreneur. This venture could yield substantial financial returns for the family.
This new direction raises concerns about potential conflicts of interest, as the Trump Organization could operate without the constraints seen in the previous administration. The lack of a robust ethics plan may blur the boundaries between the Trump presidency and the family business, allowing for a broader range of foreign investments and deals.