The conflicts of interest for President-elect Donald Trump’s family will likely be ongoing throughout his forthcoming presidency, as a New York Times report suggested on Monday. In particular, Trump’s eldest daughter, Ivanka Trump, is under fire for her alleged Japanese business deal that has been in the works for two years.
Ivanka Trump was reportedly in the process of closing a licensing deal in Japan when she met with the country’s prime minister, Shinzo Abe, in Manhattan this November.
Given Ivanka Trump’s close position to her father as a political adviser, along with her husband, Jared Kushner, this conflict could be a sign of what’s to come in terms of the Trump family using political leverage to benefit their personal businesses.
The Times suggested that Donald Trump’s children have been groomed for business since birth, and his daughter Ivanka Trump, in particular, has a knack for following in his footsteps.
According to the report, Ivanka Trump is closing a deal between her clothing brand and apparel company Sanei International, which has connections to the Japanese government. The parent company of Sanei International has the government-owned Development Bank of Japan as its largest shareholder.
This wasn’t the first time Ivanka Trump sat in on a high profile meeting with a foreign leader. She was also in attendance during the president-elect’s conversation with President Mauricio Macri of Argentina.
Donald Trump has said that he will pass control of his businesses on to his children. Last week, he tweeted that he will be leaving his business in total.
I will be holding a major news conference in New York City with my children on December 15 to discuss the fact that I will be leaving my ...— Donald J. Trump (@realDonaldTrump) November 30, 2016
great business in total in order to fully focus on running the country in order to MAKE AMERICA GREAT AGAIN! While I am not mandated to ....— Donald J. Trump (@realDonaldTrump) November 30, 2016
do this under the law, I feel it is visually important, as President, to in no way have a conflict of interest with my various businesses..— Donald J. Trump (@realDonaldTrump) November 30, 2016
Donald Trump also wrote, “While I am not mandated to do this under the law, I feel it is visually important, as president, to in no way have a conflict of interest with my various businesses.”
On Dec. 15, he plans to hold a news conference to discuss exactly how he will be cutting his business ties, Talking Points Memo reported.
But if his children and son-in-law remain close advisers and continue to participate in high-profile meetings, then his words don’t warrant much value.
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