Donald Trump's massive business holdings could create potential conflicts of interest as he gets set to become president, the New York Daily News reports.
Since his business interests are worldwide, his presidential actions are likely to have an impact on them, according to the newspaper.
"This is a very complicated situation that I don't think has ever been seen before," Bradford Pine, a New York-based wealth adviser told the Daily News.
Former Presidents Ronald Reagan and George W. Bush placed their assets in blind trusts run by independent managers, the paper notes. Trump has said he would turn control of his company over to his children and keep away.
And The Washington Post notes no laws prohibit the president-elect from staying involved in his private company while serving as commander in chief.
"Now we are faced with the possibility that a son or daughter of the president will turn up in Moscow or Uzbekistan or somewhere else negotiating a deal on a new property that will bear the name of the president, and the full knowledge that the president really is an owner of the company," said Trevor Potter, a former Federal Election Commission chairman and general counsel for former President George H.W. Bush and Sen. John McCain, R-Ariz., according to the Post.
"That presents problems of a dimension we have never seen before."
Trump has said previously he would not care about his company while serving as president. "It's peanuts," he said. "Run the company, kids. Have a good time."
© 2025 Newsmax. All rights reserved.