Trump Promises to Leave His Businesses. We’ll Believe It When We See It.

“I feel it is visually important.”

Peter Foley/ZUMA

Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.


Amid mounting concerns over his ever-growing potential conflicts of interest, Donald Trump on Wednesday said he intends to abandon his businesses “in total” so he can properly lead the country. The president-elect posted a series of early-morning tweets:

Trump has insisted that despite concerns about massive conflicts of interest that have arisen since his election, he is under no legal obligation to distance himself from his businesses. “The law is totally on my side, meaning, the president can’t have a conflict of interest,” he told the New York Times last week. Trump is correct. The presidency is exempt from conflict-of-interest rules.

But his intention to transfer his business ties to his adult children will likely do little to ameliorate concerns over Trump’s various business entanglements. Legal experts note that simply knowing who controls the assets negates the blind trust arrangement. His announcement on Wednesday comes one day after the Kingdom of Bahrain revealed it was hosting a large celebration at Trump’s Washington, DC, hotel next month—the same property other foreign diplomats have said they feel pressured to stay at while in town.

“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!'” one Asian diplomat recently told the Washington Post. “Isn’t it rude to come to his city and say, ‘I am staying at your competitor?'”

Trump’s news conference on December 15 will be his first since becoming president-elect.

We've never been very good at being conservative.

And usually, that serves us well in doing the ambitious, hard-hitting journalism that you turn to Mother Jones for. But it also means we can't afford to come up short when it comes to scratching together the funds it takes to keep our team firing on all cylinders, and the truth is, we finished our budgeting cycle on June 30 about $100,000 short of our online goal.

This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

payment methods

We've never been very good at being conservative.

And usually, that serves us well in doing the ambitious, hard-hitting journalism that you turn to Mother Jones for. But it also means we can't afford to come up short when it comes to scratching together the funds it takes to keep our team firing on all cylinders, and the truth is, we finished our budgeting cycle on June 30 about $100,000 short of our online goal.

This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate