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Pledges no ‘new’ business deals while president

Donald Trump signaled that his businesses will carry out “no new deals” during his presidency in a series of tweets, adding that his two adult sons would manage his companies.

Writing on Twitter, Trump -- who has been criticised for the conflict of interest that his vast business empire would pose for a US president -- said: “Even though I am not mandated by law to do so, I will be leaving my busineses (sic) before January 20th so that I can focus full time on the Presidency.” Critics argue that it would be an unprecedented ethical conflict for Trump to maintain interest in properties spanning the globe -- investments that rely partly on goodwill from foreign governments and regulators. “Two of my children, Don and Eric, plus executives, will manage them. No new deals will be done during my term(s) in office,” the president-elect tweeted.

Trump’s daughter Ivanka was notably absent from the list. Her husband, Jared Kushner, is a close adviser to her father who is expected to play a role in Trump’s presidency.

“I will hold a press conference in the near future to discuss the business, Cabinet picks and all other topics of interest,” Trump wrote on Twitter.

The 70-year-old tycoon, who has multi-billion-dollar global property and luxury branding interests, had previously scheduled a press conference on his global business dealings for December 15, but yesterday he postponed it until January.
Agencies

Agencies

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