Trump’s Children, Looming Conflicts

When Donald J. Trump hosted a foreign leader for the first time as president- elect, the guest list included his daughter Ivanka, who looked on while he and Prime Minister Shinzo Abe of Japan chatted high above Manhattan.

Some 10,800 kilometers from Trump Tower, in Tokyo, another exclusive gathering was underway: a private viewing of Ivanka Trump products, with treasures like a sample of the pale pink dress Ms. Trump wore to introduce her father at the Republican National Convention. Ms. Trump is nearing a licensing deal with the Japanese apparel giant Sanei International, both parties said. The largest shareholder of Sanei’s parent company is the Development Bank of Japan, owned by the Japanese government.

The circumstances highlight the remarkable tangle awaiting the Trump family, its business empire and those who have interacted with the family at home and abroad — a web of complications that seems certain to persist even if Mr. Trump makes good on his promise to remove himself from his company’s business operations.

While Mr. Trump has insisted that he faces no legal requirement to turn over the company, the Trump Organization has said it is preparing an “immediate transfer of management” to Mr. Trump’s three eldest children — Donald