‘Pres­i­dency’ more im­por­tant

7 Days in Dubai - - NEWS -

US Pres­i­dent-elect Don­ald Trump has said that he’s leav­ing his business em­pire to fo­cus on be­ing the na­tion’s 45th pres­i­dent, bow­ing to pres­sure to avoid po­ten­tial con­flicts of in­ter­est be­tween gov­ern­ing and prof­it­ing in the pri­vate sec­tor.

“I will be leav­ing my great business in to­tal in or­der to fully fo­cus on run­ning the coun­try in or­der to make Amer­ica great again,” he tweeted. “While I am not man­dated to do this un­der the law, I feel it is vis­ually im­por­tant, as pres­i­dent, to in no way have a con­flict of in­ter­est with my var­i­ous busi­nesses.”

He said le­gal doc­u­ments are “be­ing crafted which take me com­pletely out of business operations”, say­ing the pres­i­dency is “a more im­por­tant task!”.

Mean­while, for­mer Gold­man Sachs executive Steven Mnuchin, Trump’s for­mer cam­paign fi­nance direc­tor, con­firmed that Trump has picked him as trea­sury sec­re­tary and that bil­lion­aire in­vestor Wil­bur Ross has been cho­sen for com­merce sec­re­tary.

Mnuchin, 53, led Trump’s fi­nance operations dur­ing the elec­tion cam­paign. But he has no gov­ern­ment ex­pe­ri­ence, which could prove a po­lit­i­cal hur­dle. If con­firmed by the Sen­ate, Mnuchin would play a cen­tral role in shap­ing Trump’s tax poli­cies and in­fra­struc­ture plans. He would also lead an agency tasked with im­ple­ment­ing in­ter­na­tional eco­nomic sanc­tions.

Trump has pre­vi­ously said that he’d leave his business operations to his three el­dest chil­dren – Don­ald Jr, Eric and Ivanka, though that wasn’t clear from his tweets.

Reince Priebus, Trump’s in­com­ing White House chief of staff, said “that’ll all be worked out”.

Priebus told MSNBC that Trump has “got the best peo­ple in Amer­ica work­ing on it”.

Priebus de­murred when asked if Trump planned to put his busi­nesses in a blind trust – as pres­i­dents have tra­di­tion­ally done – or leave them in his chil­dren’s hands.

“I’m not ready to re­veal that re­ally,” Priebus said.

Priebus also said Trump is “tak­ing se­ri­ously” the is­sue of pos­si­ble con­flicts of in­ter­est.

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