‘US law doesn’t bar Trump from business empire’
US law does not forbid Donald Trump from managing his corporate empire from the White House, according to one of his top advisors, who counselled nevertheless that the tycoon’s businesses be run by his children.
Rudy Giuliani, a former mayor of New York and one of the leaders of Mr Trump’s presidential transition team, told CNN that American presidents are not covered under laws preventing high government officials from having private industry ventures while in office.
“You realise that those laws don’t apply to the president, right? The president doesn’t have to have a blind trust,” Mr Giuliani said.
“For some reason, when the law was written, the president was exempt,” said Mr Giuliani, an attorney who also served years ago with the US Justice Department.
In a separate interview on ABC’s “This Week,” Mr Giuliani counselled that Mr Trump should nevertheless remove himself from the running of his business empire.
“For the good of the country, and the fact you don’t want a question coming up every time there’s a decision made, he should basically take himself out of it, and just be a passive participant in the sense that he has no direct involvement,” he said.
But Mr Giuliani told CNN Mr Trump’s grown children should continue to actively manage the incoming president’s businesses.
Some have argued that Mr Trump’s three oldest children – Ivanka, Donald Jr and Eric – should have no dealings with his business while their father is in office, citing potential conflicts of interest.
Mr Giuliani said such a restriction would be unreasonable. Ivanka, Eric and Donald Jr are executive vice presidents of the Trump Organisation.
All three, along with Mr Trump’s son-in-law Jared Kushner, are also members of the president-elect’s transition team.
Mr Trump has said little about his potentially unprecedented conflicts of interest as president. –
Rudy Giuliani feels the children could manage the businesses.