Trump says will back away from his busi­ness

China Daily (Hong Kong) - - WORLD - By REUTERS in New York

US pres­i­dent-elect Don­ald Trump has vowed to step back from run­ning his global busi­ness em­pire to avoid con­flicts of in­ter­est but gave few im­me­di­ate de­tails as con­cern over his dual role mounts ahead of his Jan 20 inau­gu­ra­tion.

Trump, a real es­tate mag­nate who owns ho­tels and golf re­sorts from Panama to Scot­land, said on Wed­nes­day he would spell out at a Dec 15 news con­fer­ence how he will sep­a­rate him­self “in to­tal” from his world­wide busi­ness hold­ings, which in­clude a win­ery, mod­el­ing agency and a range of other busi­nesses.

Af­ter Trump won the Nov 8 elec­tion, his com­pany, the Trump Or­ga­ni­za­tion, had said it was look­ing at new busi­ness struc­tures with the goal of trans­fer­ring con­trol to Don­ald Trump Jr., Ivanka Trump and Eric Trump — three of his adult chil­dren who are in­volved with the com­pany.

Trump gave few de­tails in a se­ries of early morn­ing tweets but said that “le­gal doc­u­ments are be­ing crafted which take me com­pletely out of busi­ness op­er­a­tions” and that his chil­dren would at­tend the news con­fer­ence.

Crit­ics have raised ques­tions about the role of Trump’s chil­dren, who are on the ex­ec­u­tive com­mit­tee of his White House tran­si­tion team. His daugh­ter Ivanka joined a tele­phone call her fa­ther had with Ar­gen­tine Pres­i­dent Mauri­cio Macri ear­lier this month and at­tended a meet­ing with Ja­panese Prime Min­is­ter Shinzo Abe, cre­at­ing con­cerns about pos­si­ble con­flicts of in­ter­est.

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