A president is supposed to put the welfare of his country before any personal financial gain. Trump, being a businessman, is unused to putting others' interests ahead of his own. While he promised that as president his own financial dealings would take a back seat, there seems to be reason to doubt that. Here are twenty examples of Trump business deals that shouldn't have happened while he was in office.
20. Ethics Approval
Upon Trump's election, it was decided that an outside ethics adviser would have to approve all of the Trump organization's dealings. After all, it is a multi-million dollar company. And being that it bears the president's name and is run by his family.
Yet it is unclear whether the Trump Organization's most recent dealings have been run by this ethics adviser. If not, the president could be in potentially hot water.
19. No New Foreign Deals
Another caveat of Trump's ascendancy was that Trump Organization was not to pursue any deals with foreign countries. Even if the president himself is not involved (something we'll discuss later), there's something…unsavory at least about a company that bears his surname and is directly run by his children taking part in deals that may benefit a foreign nation's finances over our own. Furthermore, it opens up the possibility of an accusation of sabotage from another country. After all, if the deal goes poorly/aversely effects a foreign economy, couldn't they argue that the Trump Organization intended this outcome to boost US interests?
Yet as with the ethics adviser, its unclear whether or not the Trump Organization has been engaging in deals with foreign countries since Trump's inauguration.
18. An Unusual Settlement
Donald Trump's Trump University is one of his more famous failures. According to a lawsuit brought against the institution, the real estate seminar (which, despite its name, was not an accredited university) used misleading marketing tactics in order to recruit more students.
Initially, the president postured that this accusations were untrue and that he intended to fight the lawsuit. But, instead, he settled out of your for 25 million, suggesting the accusations were credible.
17. More Focused on Selling Diamonds
For Trump's first presidential interview with 60 Minutes, he was accompanied by his daughter, Ivanka. Ivanka Trump is herself a businesswoman—she owns several companies, among them a clothing line and a jewelry line. For the interview, she wore one of her own bracelets, valued at about $10,900.
This would've been fine, had Ivanka's brand not chosen to use the broadcast as an advertising opportunity. While not illegal, it is certainly gauche and unsavory.
16. Vetted Domestic Deals
In addition to a freeze on business deals with foreign nations, the Trump Organization's domestic dealings must be vetted. This is both to make sure that they are legitimate and wouldn't adversely affect the country at large. Yet it is unclear how much of Trump's business dealings have been vetted.
15. A Refusal to Place His Assets
Originally, control of Trump's businesses wasn't going to go to his children. Democrats wanted the president to place his assets into a trust, effectively freezing them for the duration of his presidency. Trump refused, and control was given to his sons.
Ostensibly, Trump doesn't have a say. But this is unclear…
14. No Sharing Of Private Info
Trump isn't supposed to share private information concerning Trump Organization. Furthermore, he isn't supposed to have access to much of it. After all, this would be a conflict of interest. Yet it remains unclear just how much of Trump Organization's deals the president knows about.
13. And No Say
Furthermore (and most importantly), the president isn't supposed to have a say in his company's deals. It's up to Don Jr. and Eric, not him. Anything else would, again, be a conflict of interest.
But as with most things on this list, it is unclear just how much of a say Trump gets in his family's various business dealings. He has made it clear that the person he cares most about is himself, and it would benefit his wallet to be involved in business decisions.
12. An Odd Comment
A week following Trump's election, one hundred diplomats and other foreign officials gathered at the Trump Hotel in Washington D.C., where they mingled, drank champagne, and toured the premises. One diplomat was even quoted as saying: “Why wouldn’t I stay at his hotel blocks from the White House, so I can tell the new president, ‘I love your new hotel!’ Isn’t it rude to come to his city and say, ‘I am staying at your competitor?’
This is a fairly blatant conflict of interests, that also technically goes against the constitution .The Emoluments Clause forbids government officials from accepting “any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince, or foreign State.” One can imagine this also would include accepting money in the form of paying for a hotel room.
11.No Going Back to Old Deals
In addition to not being allowed to make any new deals with foreign nations, any deals that had been set up prior to the election were intended to be closed. While they may have come about at a time where there were no conflicting political interests, there are now. And that was reason enough to dissolve them.
But again, it is unclear how many foreign dealings the Trump Organization has dissolved. They do continue to get business from foreign nations.