Tuesday , March 19 2019

Donald Trump Says Will get Away from business, Focus on the White House

US President-elect Donald Trump pledged Wednesday not to manage his global economic empire to avoid conflicts of interest as his dual role prepares for the Republican’s inauguration on 20 January.

donald trump
Donald Trump had previously said he had no need to separate himself from the Trump Organization

Donald Trump, a real estate tycoon who owns hotels and golf resorts from Panama to Scotland, said he will explain at a press conference on Dec. 15 how he will split “in total” from his And a range of other businesses.

Her company, Trump, had previously indicated that she was looking for new business structures with the goal of transferring control of her portfolio to Donald Trump Jr, Ivanka Trump and Eric Trump – three of her adult children who Are involved with the company.

Her children are also members of the executive committee of her White House transition team.

Trump gave some details in a series of tweets early in the morning on Wednesday but said: “Legal documents are being manufactured that take me completely out of business operations” and said his children will attend the press conference.

Trump had previously argued that he did not need to part with the Trump organization, which includes a hotel located at the bottom of White House Street, a Manhattan tower where he lives and executes his transition to the office, And a New Jersey golf course where he interviewed cabinet candidates earlier this month.

Trump said Wednesday he was not required by law to change his relationship with his company, but added: “I think it is visually important, as president, not to have a conflict of interest, Interests with my various companies.

As the Republican heads for the White House’s takeover of President Barack Obama, the examination of potential conflicts has increased.

Trump’s business girl, Ivanka, joined her father’s phone call with Argentine President Mauricio Macri earlier this month and attended a meeting with Japanese Prime Minister Shinzo Abe, raising questions of possible conflicts ‘interests.

Conflict of interest rules for executive branch employees do not apply to the president, but Trump will be bound by corruption laws, disclosure requirements and a section of the US Constitution that prohibits Elected to take gifts from foreign governments.

Choice of Wall Street

Donald Trump, a former reality TV star, has spent much of the past few weeks putting together her new firm and interviewing candidates for leading positions in her administration.

On Wednesday, Trump said he would appoint his main fundraising campaign Steven Mnuchin to lead the US Treasury. Mnuchin said the administration would make tax reform and the trade pact revised high priorities as it seeks a sustained 3 percent pace to 4 percent economic growth.

Mnuchin, a former banker of Goldman Sachs, also reported the desire to withdraw US mortgage finance companies Fannie Mae and Freddie Mac from government property, a measure that could have ramifications of how Americans pay for their homes , Facilitate loans.

Trump named Wilbur Ross, a billionaire known for his investments in troubled industries, as his candidate for secretary trade. Both candidates must be confirmed by the US Senate.

Trump also asked Wednesday to Preet Bharara, the first federal prosecutor in Manhattan named by Obama in 2009, to remain in his role.

Bharara is known for the pursuit of a series of high-profile cases targeting public corruption and crime on Wall Street, and has earned praise in New York for the pursuit of corruption investigations involving state and city policy, As well as financial crime.

Trump is considering Goldman Sachs president and chief operating officer Gary Cohn, a former raw material dealer, heading his White House budget office or filling another position, said an official Trump transition.

Wall Street’s choices were chosen by regulatory oversight groups. The Trump spokesman has defended to give top economic jobs to Wall Street figures despite an election campaign committing to “draining the swamp” from the settlement figures to the government.

“There is no one else who understands the challenges faced by American workers and businesses,” Trump spokesman Jason Miller said.

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Donald also worked to fill his foreign policy team, but no decision seemed imminent about who will be the next Secretary of State.

He met former New York mayor Rudy Giuliani on Tuesday about the diplomatic post, said a transition wizard, and then dined with 2012 Republican candidate Mitt Romney at a French restaurant near Central Park.

Romney, who had slammed Donald during the campaign, made a passionate statement in support of the president-elect after their meal.

Miller said Trump had told him that “he thought the dinner was going really well” and that there was good chemistry between the men, who still know each other.

Donald Trump was due to meet Wednesday with another potential secretary of state, retired general John Kelly.

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