Account

The Actual News

Just the Facts, from multiple news sources.

Trump's business empire goes global while he's in the White House

Trump's business empire goes global while he's in the White House

Summary

President Donald Trump's business projects, run by his family, are expanding internationally while he is in office. Recent plans for a Trump Tower in Belgrade, Serbia, have led to protests because of its location on a sensitive historical site. The Trump Organization, although officially managed by Trump’s sons, continues to have projects worldwide that sometimes overlap with U.S. foreign policy.

Key Facts

  • The Trump Organization is working on global real estate projects, with some connected to countries where the U.S. also has foreign policy interests.
  • A planned Trump Tower in Belgrade, Serbia, recently got political approval and led to protests over its location at a site with historical significance.
  • The Serbian government quickly approved the project, which is linked to Jared Kushner, President Trump's son-in-law.
  • Protests in Serbia have been partly due to the building's location on a site bombed by NATO in 1999.
  • Trump’s Press Secretary stated there are no conflicts of interest from President Trump or his family regarding the business deals.
  • Other projects, such as in Vietnam, have faced local protests and expedited approvals during Trump’s presidency.
  • The Trump Organization has a total of 22 overseas projects at various stages, according to reports.
  • President Trump remains the owner of the Trump Organization and has seen significant financial gains during his presidency, partly due to investments outside real estate, like cryptocurrency.

Source Information