In President-elect Donald Trump’s long-awaited and long-delayed news conference Wednesday, he and his lawyer laid out plans to address concerns about potential conflicts between his presidency and his business interests. Many government ethics experts in both parties are unimpressed, saying the new measures don’t go far enough.
Trump plans to transfer his assets to a trust. It’s not blind or independent in the sense that it’ll be run by his oldest sons and a longtime company executive, who will manage business operations of the Trump Organization. Trump previously promised “no new deals” during his presidency. Today’s announcement bars only new foreign deals, while an ethics advisor will vet potential domestic deals.
The emoluments clause of the Constitution also came up in the news conference. The legal tidbit dealing with enrichment of U.S. officials by foreign governments was obscure until Trump’s election. Even while arguing the clause doesn’t apply to Trump, his lawyer Sheri Dillon said today that Trump will “voluntarily donate all profits from foreign government payments made to his hotels to the United States Treasury.”
If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air. But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.
Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.
When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.