The Washington Post reports: Turkey is a nation in crisis, scarred by government crackdowns following a failed coup attempt and on a potential collision course with the West. It is also home to a valuable revenue stream for the president-elect’s business empire: Trump Towers Istanbul.
Donald Trump’s company has been paid up to $10 million by the tower’s developers since 2014 to affix the Trump name atop the luxury complex, whose owner, one of Turkey’s biggest oil and media conglomerates, has become an influential megaphone for the country’s increasingly repressive regime.
That, ethics advisers said, forces the Trump complex into an unprecedented nexus: as both a potential channel for dealmakers seeking to curry favor with the Trump White House and a potential target for attacks or security risks overseas.
The president-elect’s Turkey deal marks a harrowing vulnerability that even Trump has deemed “a little conflict of interest”: a private moneymaker that could open him to foreign influence and tilt his decision-making as America’s executive in chief.
But the ethics experts eyeing Trump’s empire are now warning of many others, found among a vast assortment of foreign business interests never before seen in past presidencies. At least 111 Trump companies have done business in 18 countries and territories across South America, Asia and the Middle East, a Washington Post analysis of Trump financial filings shows. [Continue reading…]
The Washington Post reports: About 100 foreign diplomats, from Brazil to Turkey, gathered at the Trump International Hotel this week to sip Trump-branded champagne, dine on sliders and hear a sales pitch about the U.S. president-elect’s newest hotel.
The event for the diplomatic community, held one week after the election, was in the Lincoln Library, a junior ballroom with 16-foot ceilings and velvet drapes that is also available for rent.
Some attendees won raffle prizes — among them overnight stays at other Trump properties around the world — allowing them to become better acquainted with the business holdings of the new commander in chief.
“The place was packed,” said Lynn Van Fleit, founder of the nonprofit Diplomacy Matters Institute, which organizes programs for foreign diplomats and government officials. She said much of the discussion among Washington-based diplomats is over “how are we going to build ties with the new administration.”
Back when many expected Trump to lose the election, speculation was rife that business would suffer at the hotels, condos and golf courses that bear his name. Now, those venues offer the prospect of something else: a chance to curry favor or access with the next president. [Continue reading…]