Overview
- The Trump Organization has announced a $5.5 billion golf club project in Qatar and a luxury hotel in Dubai, both involving entities with ties to foreign governments.
- Eric Trump confirmed plans for a Trump-branded luxury resort in Oman, to be built on government-owned land, further intertwining business and diplomacy.
- World Liberty Financial, a Trump family crypto venture, is facilitating a $2 billion Binance transaction backed by Abu Dhabi's government-owned MGX fund.
- Critics argue these deals violate the U.S. Constitution's Emoluments Clause, which prohibits federal officials from profiting from foreign governments without congressional approval.
- The White House defends these arrangements, stating that Trump’s assets are managed in a family-run trust, though legal scholars and ethics experts remain skeptical.