ALL THE PRESIDENT’S RENT

Trump’s Tenants Pose Hundreds of Possible Conflicts of Interest

Trump-owned properties reportedly continue to be a hub of potential conflict of interest for the Trump administration. In their own database, Forbes has identified 164 tenants that pay the president’s real-estate empire about $175 million a year—which the magazine claims is only about 75 percent of the rent that flows his way. Tenants include Chinese commercial banks, the Walgreens Boots Alliance pharmacy, Capital One bank, and Bank of India. By holding onto his assets, President Trump has decided to test the applicability of the “Emoluments Clause” by renting his space to foreign governments. Trump is also testing the limits of domestic business and government ethics, with private entities paying the president’s businesses rent and also lobbying the government, receiving government contracts, or being investigated by the government.