Trump to severe business ties, focus on presidency
Dec 04 2016 by Larry Hoffman
Making his first public appearance since the November 8 election, Trump and Vice President-elect Mike Pence - also the governor of IN - stopped Thursday at a Carrier plant IN Indianapolis.
Donald Trump had earlier said that there is no need for him to give up his business when he takes over his duties as teh U.S. president, then he had said that if need be he will substantially decrease his role in the operations of his businesses, but on the advise of the Ethics experts, he has made a decision to totally give up his business who is now supposed to be handled by his three eldest children. "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", Trumptweeted.
"The president can't have a conflict of interest".
His adult children will be in charge of the business and will also attend the said news conference. "Legally, it is not too complicated". He has previously said that he'd leave his business operations to his three eldest children - Donald Jr., Eric and Ivanka. "They can communicate with each other by nods and winks and they will".
Twitter recently banned hundreds of accounts that violated its rules and the micro-blogging site said no one is exempt from its hate-speech rules - not even President-elect Donald Trump.
At the weekend, CNN said that in most recent financial disclosures, Mr Trump listed 144 individual companies that have had dealings in at least 25 countries in Asia, Europe, Africa, South America and North America, among other companies with regional global interests. He has to have no financial interest in the profit or loss of any of the Trump enterprises. Sell some businesses and pass others onto to his children A middle ground might be to sell some of his businesses - perhaps all foreign companies or those located in countries with diplomatic controversies - to third parties, and then sell or give control of the rest of his company to his children.
Another key appointment, former Breitbart executive Steve Bannon, who will be Trump's chief strategist, is a multimillionaire, according to Politico.
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The President-elect will arrive in OH from in where he highlighted the deal he made with Carrier, a heating and air conditioner firm to save 1,000 jobs that had been set to move to Mexico - fulfilling a campaign promise. He did not say what the planned change might mean for ownership of his businesses. She said that needs to be asked by the press. "But we're not announcing it until Monday so don't tell anybody", Trump said at his rally, adding later, "They say he's the closest thing to Gen. George Patton that we have and it's about time". "The focus has to be on whether he has actually divested or not".
Mr. Trump, known for his sweeping rhetoric, made some vows that could be hard to execute, but he said people have routinely underestimated him in the past.
Painter followed that with a long list of potential conflicts that could arise otherwise.
Trump talked a lot about his election victory.
"Under the Jones v. Clinton case the President can be sued in his personal capacity and presumably also can be required to testify in other lawsuits", Painter explained.
Even without his full foreign policy team in place, Trump had more phone calls with foreign leaders, breaking tradition by taking a call from Taiwanese President Tsai Ing-wen, the first such contact by a president-elect since President Jimmy Carter adopted a one-China policy in 1979.
Trump said legal papers are being drawn up to "take me completely out of business operations", but he did not say he will sell anything he owns.