President Trump's Global Real Estate Ventures Hit New Heights As Conflict Of Interest Fears Appear No Obstacle For His Company's Rapid Expansion

President Donald Trump may have handed over the reins of his real estate empire to his sons while serving the country, but the family business appears to be in lockstep with the country’s trade negotiations, raising concerns about a conflict of interest, Newsweek reports. 

Recent deals by the Trump Organization — whose assets and business interests are held in a trust managed by the president’s children — have occurred in Saudi Arabia and Vietnam, coinciding with U.S. trade and tariff negotiations in those countries.

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Newsweek also reported that during his current term in office, Trump has profited from business ventures, including an ownership stake in Trump Media & Technology Group DJT, which owns Truth Social, and a cryptocurrency bearing his name. Trump Media recently announced plans to raise funds to purchase Bitcoin. Trump's shares in the company were transferred to his son, Donald Jr., in a revocable trust, which means Donald Trump can reclaim ownership. 

Here’s what we know about the current Trump Organization projects that are underway.

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Vietnam

The Trump Organization just last month said that it had “officially broken ground on the first Trump-branded golf and residential development in Vietnam – Trump International, Hung Yen.”

The $1.5 billion project will include dining, housing, and spa facilities as well as "championship style golf courses,” according to a Trump Organization press release. Reuters reported that a new $1 billion tower is expected to start next year.

Vietnam is currently in trade talks to avoid potentially catastrophic 46% tariffs threatened by the U.S. 

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India

In India, developers claim Trump Residences in Gurgaon sold out on the same day the condos were put on the market. 

Other Trump Organization projects in the country include The Trump Towers Delhi-NCR, which launched in 2018, and Trump World Center Prune, a 1.6 million square foot commercial development venture.

President Trump hosted Indian Prime Minister Narendra Modi at the White House in February. The Trump administration is currently engaged in trade talks with India.

“Earlier countries get a better deal. That’s the way it is,” U.S. Commerce Secretary Howard Lutnick said in a June 2 speech to the US-India Strategic Partnership Forum Leadership Summit. “Those who come in, you know, July 4 to July 9, there’s just going to be a pile. But those who are earlier—and I think India’s trying hard to be one of the earlier countries, which I appreciate.”

Trump said on May 16 that the longer a country waits to make a trade deal with the U.S., the greater the likelihood of its tariffs.

"We have, at the same time, 150 countries that want to make a deal, but you're not able to see that many countries," Trump said during a business roundtable in Abu Dhabi, CNN reported. "So at a certain point, over the next two to three weeks, I think Scott and Howard will be sending letters out, essentially telling people – we'll be very fair – but we'll be telling people what they'll be paying to do business in the United States."

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The Middle East

The Trump Organization has been doing several deals in the United Arab Emirates. It recently announced plans for a new hotel and tower in a partnership with Dar Global, marking the fifth time the two companies have collaborated. In addition, Trump recently announced $200 billion worth of business deals between the U.S. and the UAE. 

President Trump recently announced a $1.2 trillion economic agreement with Qatar, which recently gifted the president a plane to be used for Air Force One.  Meanwhile, the Trump Organization announced a $5.5 billion Simaisma beachside development north of Doha, led by Qatari Diar.

Trump’s ongoing business relationship with Saudi Arabia involves a new development in the coastal Saudi city of Jeddah, the Trump Tower Jeddah, which is expected to cost $530 million. Two other projects in the capital city of Riyadh are also underway, according to Reuters.

In Oman, a $500 million project offering a golf course and hotel accommodation is underway, with a completion date scheduled for 2028.

Serbia

In Serbia, The New York Times reports that the Trump Organization has teamed up with Jared Kushner, President Trump’s son-in-law, and his firm, Affinity Partners, to develop a new hotel.

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