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BREAKING: Trump Family Makes Major Announcement

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BREAKING: Trump Family Makes Major Announcement

Post  Admin on Mon 30 Oct 2017, 4:15 pm

BREAKING: Trump Family Makes Major Announcement
October 29, 2017
https://www.conservativeinstitute.org/economics/trump-family-major-announcement.htm?utm_source=aimtell&utm_campaign=automated_push&utm_medium=push
BREAKING: Trump Family Makes Major Announcement
JStone / Shutterstock.com
Even in the absence of its builder, the Trump business empire is alive and well, and is preparing to expand its real estate portfolio.

President Trump’s eldest sons, Donald Jr. and Eric, are expected to launch two residential projects in India for the Trump Organization in the coming weeks.

This move has sparked curiosity over the Trump Organization’s endeavors this year, and has even led to inevitable protests from the left over a potential conflict of interest.

Foreign Venture
The two projects, a Trump-branded tower in Kolkata and apartments in the capital city of New Delhi, join three other active Trump Organization projects in the country, where real estate ventures have been a great boon to the Trump Organization’s real estate portfolio in recent years.

According to The Washington Post:

The Trump Organization has licensed its name to five projects in India despite a sluggish market for high-end luxury residences. The new Trump-branded tower in the eastern city of Kolkata will have apartments priced at $765,000 and under; a project in the capital suburb of Gurgaon will feature units starting at $1.8 million and golf course access. The other projects include two residential towers in the quiet city of Pune, a 75-story tower still under construction in Mumbai that will have a shimmering gold facade, and a proposed office in Gurgaon.

Trump’s licensing arrangements in India have brought in between $1.6 million and $11 million in royalties since 2014 — including royalties stated in a range from $100,001 to $1 million last year from the Kolkata project, Trump’s financial filings show.
“We are long term, extremely bullish on India,” the Trump Organization said in an email. “The success of our existing projects and the strong inquiries that the teams are seeing from upcoming projects even before launch has been incredible. We are optimistic about the future and very proud of our existing presence in the market.”

Conflict of Interest?
The Trump Organization vowed early on there would be “no new foreign deals” during Trump’s tenure as president. This latest announcement has caused many to question how the Trump Organization’s many international business interests may potentially affect the administration of America’s 45th president.

Critics of the administration say these deals risk major conflicts of interest for the president. Richard Painter, a former ethics lawyer under President George W. Bush, disclosed that Trump risks exposing himself to potential corruption probes:

A company owned by the president of the United States shouldn’t be risking potential corruption investigations and working with foreign government officials who may be corrupt. They shouldn’t be trying to do all these deals all over the world. It just isn’t working.
But the pundits overlook the fact that both of these Indian projects were inked before Trump’s election. It only makes sense for the Trump Organization’s “no new foreign deal” pledge to not include projects that were begun or considered prior to Trump’s presidency.

This is a “strictly business” decision from the Trump Organization and in contrast to the corrupt and labyrinthine dealings of the Clinton family, it’s fully transparent and open.

No trading influence for uranium, no kickbacks, no pay-to-play — just creating actual value in a growing economy. Now that’s the way to do business.

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