Sunday, November 3, 2019

Trump's International Revenue Stream

The Foreign Emoluments Clause, is a Provision of the U.S. Constitution (Article I, Section 9, Paragraph 8) that generally Prohibits Federal Officeholders from Receiving any Gift, Payment, or other Thing of Value from a Foreign State: its Rulers, Officers, or Representatives. It is the Congress who must Approve Each Event.

But as the Majority Owner of the Trump Companies, and Not putting his Assists in a Blind Trust, he is Violating the Foreign Emoluments Clause.

As of 2018, the President held more than $130 Million in Foreign Assets, according to an Analysis compiled by Open Secrets.

President Trump has been Involved with International Business in some Manner since his Election. Furthermore, the President has made Millions of Dollars from Foreign Assets associated with the Trump Organization in 2017 and 2018, according to his Public Financial Disclosure Reports.

The Trump Organization also continues to Market, Promote, and Expand Trump-Branded Properties All over the World, as Recently as Last Month.

Trump's International Footprint

- On October 10th, The Trump Organization Firm TIGL Ireland Enterprises received Approval for a New Development that the Irish Times Reports will Double the Size of the Trump International Golf Links and Hotel in Doonbeg, Ireland.

- An Estate in Scotland

Residential Property in:

- India

- Indonesia

- Philippines

- South Korea

- Turkey

- Uruguay

Public Golf Courses:

- Bali

- Dubai

- Indonesia

- Ireland

- Scotland

The Golf Courses in Ireland and Scotland have Accompanying Trump Hotels.

In February 2017, Eric Trump went to the Resort Island of Cap Cana in the Dominican Republic, where The Trump Organization has had Ties since 2007. After the Visit, the President and vice President of Cap Cana's Council said the Relationship between the Two Organizations "remains incredibly strong, especially with Eric, who has led the project since its inception," adding that "we are excited to be working with the Trump Organization in the future phases of the project."

Licensing Agreements:

Trump International Hotel & Tower in Vancouver, British Columbia, which formally Opened on February 28th, 2017. the Trump International Hotel & Tower in Vancouver was the First Property to Open with the Trump's Name after President Trump was Sworn-In.

The Month after Trump's Inauguration, the Trump Sons Attended the Grand Opening of a Trump-Branded Golf Course in Dubai. While The Trump Organization did Not Itself Develop the Course, the Trump Brand is Associated with the Property.

The following year, Trump Jr. Visited India to Promote Trump-Branded Apartments for Several Development Projects in:

- Kolkata

- Mumbai

- New Delhi

- Pune

In June 2018, a Few Months after Trump Jr.'s visit, Construction on the Trump Towers outside New Delhi Broke Ground. All the Trump Towers in India denote on their websites that the Properties are Not Owned, Developed, or Sold by The Trump Organization and that they're Licensing the "Trump" Name.

These Developments Represent the same kind of International Business that Trump was Engaging In before his Election. For years, a Majority of The Trump Organization's international Business has come from Licensing the Trump Name.

This August, Trump Jr. was in Jakarta, Indonesia, to Promote Trump Residences Bali and Trump Residences Lido at a Private Event for Potential Buyers and Tenants. Although The Trump Organization Signed a Contract for the Two Properties in 2015, The New York Times Reported they were Not yet Built as of Trump Jr.'s Visit. According to the President's 2016 Financial Disclosure Form, he received between $2-10 Million for the Two Properties.

NYC Wins When Everyone Can Vote! Michael H. Drucker

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