Trump set to delay his release of power from his businesses

Trump has said in a tweet that he will give his sons control over his business before his inauguration on 20th January.
By Alex Bourque | Dec 13, 2016
Trump has said in a tweet that he will give his sons control over his business before his inauguration on 20th January. He had earlier set a press conference, his first since his victory for Thursday this week. But he has since postponed this stating he needed maximum concentration to appoint as askilled cabinet team.

In a tweet late at night, Trump insisted that the law did not prohibit him from running his businesses, but he felt it may conflict with the presidency.

"Even though I am not mandated by law to do so," said Trump in a series of tweets. "I will be leaving my businesses before January 20th so that I can focus full time on the Presidency. Two of my children, Don and Eric, plus executives, will manage them. No new deals will be done during my term(s) in office."

But experts believe that the first silver lining in this ethical battle between Trump and his business is that he said he or his company would not do any new deals during his time. But the most practical question how would his companies survive without new deals. Real estate is a very deal-oriented landscape, and there is a need to reevaluate the contracts and create new ones regularly.

Trump has been receiving immense pressure to step away from his business many citing political-business conflicts. But Trump said that people knew that he was a businessman and still elected him. The new he would still have this business while in office and, therefore, he believes that this is not a big deal.

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