Trump Family Business Expands Overseas and into Cryptocurrencies During Second Term

U.S. presidents avoided profiting from their office. Historical examples include Harry Truman declining to lend his name to businesses after retirement and Richard Nixon tapping his brother's phone to prevent potential profiteering from family ties.

George Bush sold his individual stock holdings before taking office. The Trump Organization has taken a different approach during the second term. The family real estate business is expanding overseas at its fastest rate since its founding a century ago.

U.S. policies on tariffs and military aid are relevant. The Trump Organization has also entered the cryptocurrency sector. Ventures in this area have generated billions of dollars in revenue. Some investments have involved entities linked to foreign governments.

During the first term, the Trump Organization completed no foreign deals.

In the first year of the second term, it completed eight such deals. The organization states that these comply with its self-imposed rule against direct business with foreign governments. One project in Qatar involves a golf club and villa development.

It is being developed in part by a company owned by the Qatari government. The Trump Organization notes that it has not formed a partnership that would violate its rules. In Vietnam, a Trump resort project received approval from the country's deputy prime minister at a signing ceremony.

Reports indicate that the government relocated farmers to accommodate the development. The project has proceeded following the approval. A planned Trump Plaza resort on Saudi Arabia's Red Sea is under construction by a private Saudi real estate developer.

The developer is described as close to the ruling family. The deal has resulted in tens of millions in fees for the Trump Organization. U.S. policy outcomes. U.S. technology, Vietnam obtained tariff relief, and Saudi Arabia secured fighter jets.