Trump promised not to work with foreign entities. His company just did
Source: McClatchy Washington Bureau
BY ANITA KUMAR
akumar@mcclatchydc.com
WASHINGTON - A major construction company owned by the Chinese government was hired to work on the latest Trump golf club development in Dubai despite a pledge from Donald Trump that his family business would not engage in any transactions with foreign government entities while he serves as president.
Trumps partner, DAMAC Properties, awarded a $32-million contract to the Middle East subsidiary of China State Construction Engineering Corporation to build a six-lane road as part of the residential piece of the Trump World Golf Club Dubai project called Akoya Oxygen, according to news releases released by both companies. It is scheduled to open next year.
The companies statements do not detail the exact timing of the contract except to note it was sometime in the first two months of 2017, just as Trump was inaugurated and questions were raised about a slew of potential conflicts of interest between his presidency and his vast real estate empire.
The Chinese company, known as CSCEC, is majority government-owned according to Bloomberg and Moodys, among others an arrangement that generally encourages growth and drives out competition. It was listed as the 7th largest company in China and 37th worldwide with nearly $130 billion in revenues in 2014, according to Fortunes Global 500 list.
Read more: http://www.mcclatchydc.com/news/politics-government/white-house/article172443417.html
dalton99a
(81,566 posts)This is now normal and expected because it's Trump
FakeNoose
(32,714 posts)...This must be a mistake, or else it's fake news.
Cheeto would never lie to the American people.
iluvtennis
(19,868 posts)snowybirdie
(5,233 posts)what about buy and hire American?
jmowreader
(50,562 posts)On a second and related issue, what the hell is the president of the United States doing building a golf course in Dubai while he's in office?