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President-elect Donald Trump has unveiled a plan to minimize his involvement with the Trump Organization during his presidency, sparking widespread debate about whether his measures go far enough to address potential conflicts of interest.
The Trump Organization announced on Friday that Trump’s investments will be placed in a trust overseen by his children and external financial institutions. The five-page ethics plan, released just 10 days before Trump’s inauguration on January 20, details how the company will operate during his time in office.
According to the Trump Organization, the trust will be managed independently, with Trump receiving only “general business updates.” Outside financial institutions will handle the management of his investments, and Trump will not be consulted on most business decisions.
The company has pledged to avoid entering into any “new material transactions or contracts with a foreign government” unless they fall under “ordinary course transactions.” However, the statement does not specify whether it will continue business dealings with private foreign entities.
These measures come amid heightened scrutiny of Trump’s extensive business empire and its potential to intersect with his role as president.
As part of the ethics plan, the Trump Organization stated it would continue donating all profits from foreign governments at its hotels and related businesses to the U.S. Treasury Department. This policy, first introduced during Trump’s presidency in 2016, aims to counter concerns about foreign influence. Additionally, the company announced discounted rates for U.S. Secret Service members and other government personnel staying at Trump-owned properties.
The Trump Organization will remain under the operational control of Trump’s sons, Eric Trump and Donald Trump Jr., who serve as executive vice presidents. To ensure compliance with ethical standards, the company has hired a new ethics advisor tasked with monitoring its commitments.
Despite these measures, critics argue that the ethics plan stops short of addressing broader concerns. Trump’s financial interests in the organization, even if managed by others, remain a source of potential conflict, according to some ethics experts and watchdog groups.
This announcement follows years of controversy over Trump’s handling of his business interests. After winning the presidency in 2016, the Trump Organization scaled back its foreign ventures in response to public concerns. The current plan reiterates many of these earlier commitments while facing renewed scrutiny from ethics advocates and political opponents.
Public reaction to the plan has been mixed. Supporters praise the steps as reasonable and pragmatic, while detractors demand more robust measures, such as full divestment or the establishment of a blind trust.
Some ethics experts have called for greater transparency, including detailed disclosures of Trump’s financial holdings and business dealings. They argue that without a complete severance from his business interests, questions of undue influence will persist.
Critics also point to the Trump Organization’s vague language regarding business dealings with private foreign entities, suggesting this could leave room for ethical gray areas. Others have raised concerns about Trump’s reliance on family members to oversee the company, as this arrangement could blur the lines between public service and private gain.
As Trump prepares to assume the presidency, the implementation of these measures will be closely watched. The new ethics advisor and external financial institutions tasked with managing Trump’s investments will play pivotal roles in ensuring compliance with the stated commitments.
Whether these steps will fully address public and legal concerns remains to be seen. For now, the Trump Organization’s efforts signal an attempt to navigate the complex intersection of business and politics as Trump takes on the highest office in the land.