CONFLICTS OF INTEREST MAY COST TRUMP THE PRESIDENCY
Donald Trump could face impeachment proceedings because of conflicts of interest with his extensive business partnerships around the world, according to refinery29.com.
The website cited the Constitution’s obscure emoluments clause, which prohibits the president from receiving gifts from other countries’ governments without congressional approval. While small tokens of appreciation are legal, expensive gifts and money are forbidden. That could get Trump in trouble because his financial deals often involve foreign leaders. The New York Times has documented the president-elect’s business interests in Russia, China, India, Turkey and other nations.
Trump apparently is aware of the threat if he fails to separate himself from his companies. “As far as the, you know, potential conflict of interests, though, I mean I know that from the standpoint, the law is totally on my side, meaning, the president can’t have a conflict of interest,” he said in a recent interview with The New York Times.
Refinery29.com reported that foreign diplomats seeking agreements with the presidential administration often stay at Trump’s hotel in Washington, D.C. If the facility charges the officials a lower rate than the price other customers pay, it could be interpreted as a violation of the emoluments clause. The president-elect also leases offices in his Trump Tower in New York City to the Industrial & Commercial Bank of China. While the Chinese government operates the bank, Trump owns it.