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Donald Jr. and Eric Trump Pursue New Deals That Would Enrich President Trump

The New York Times's profile
The New York Times
2h ago
Donald Jr. and Eric Trump Pursue New Deals That Would Enrich President Trump

Context:

Donald Trump Jr. and Eric Trump have been actively engaging in international business ventures, leveraging their father's presidency to generate substantial financial gains. These ventures span real estate projects in Dubai, Jeddah, and Qatar, cryptocurrency operations in the US, and a new private club in Washington, all of which benefit President Trump financially. Despite claims from the White House that there are no conflicts of interest, financial disclosures reveal that the president continues to profit from these businesses. The Trump sons defend their activities as longstanding business practices, while critics highlight potential ethical concerns, drawing parallels to past presidential relatives. These developments have mostly escaped significant public scrutiny in the US, partly due to the overshadowing controversies involving President Trump and his administration's actions.

Dive Deeper:

  • Donald Trump Jr. and Eric Trump have launched a series of high-profile business ventures across Europe, the Middle East, and the United States, including luxury real estate projects, cryptocurrency initiatives, and a private club in Washington, D.C.

  • The ventures are structured in ways that directly benefit President Trump financially, despite assertions from the White House that there are no ethical conflicts since the businesses are managed by his children.

  • The Trump family's business dealings have drawn limited attention domestically, overshadowed by ongoing controversies involving President Trump and his administration, yet they represent unprecedented financial maneuvers in American political history.

  • Eric Trump and Donald Trump Jr. have defended their business activities, claiming they are continuing longstanding business practices and criticizing media scrutiny as politically motivated, often comparing themselves to other presidential relatives with business interests.

  • Among the ventures, notable projects include a $1 billion luxury hotel in Dubai, real estate developments in Qatar and Saudi Arabia, and a new cryptocurrency firm, all of which have attracted investments from international entities, including governments.

  • A new private membership club called Executive Branch in Washington, D.C., is designed to serve as a social hub for Trump-aligned individuals, featuring high-profile founding members and raising concerns about access and influence.

  • In the virtual sphere, the $Trump memecoin has been promoted to supporters, with significant investments made by companies like Fr8Tech, which view the token as a way to support political and economic initiatives favored by the Trump administration.

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