Trump defends his children’s business dealings: ‘They’ve got a life of their own, too’
In his first year in the White House, the president reported earnings of at least $2.2 billion, thanks in part to the approximately $1.4 billion generated by the family’s cryptocurrency activities
‘The presidency is so powerful’ that it creates a conflict of interest in his children’s investments. This is how US President Donald Trump defended his family’s business dealings.
“I feel sorry for my children. Almost anything they do, if they want to buy a lorry… if they buy an energy-efficient lorry, it means they have inside information,” Trump said in an interview with CNBC. “I tell my children: ‘Stay away from it.’ But they have a life of their own too. You know, they were doing business long before I even thought of… running for president,” remarked the president.
It has emerged in recent days that during his first year in the White House, Trump recorded an income of of at least $2.2 billion, thanks in part to approximately $1.4 billion from his family’s cryptocurrency activities.
When interviewed by Joe Kernen and asked about claims that he is exploiting his position to line his own pockets, Trump said he does not concern himself with his own business affairs.
“I don’t personally manage my own affairs. My son Eric handles everything. The funds are entrusted to major investment firms and independent trusts. A story came out today claiming that I own some Nvidia shares. It’s probably true, but these are investments managed by others. I don’t deal with them directly,” replied the tycoon.
