Testifying before Congress Wednesday, State Secretary-turned-joint-National Security Adviser Marco Rubio claimed that the Trump family’s business in the Middle East wasn’t anything out of the ordinary for a sitting president, despite the fact that Trump and his relatives appear to be making money hand over fist thanks to Trump’s power over the White House.
“No you’re making claims—the president’s family owns a business and they can conduct business anywhere in the world they want,” Rubio said. “The president never once raised business deals in UAE when talking about—any president would have to have a relationship with the UAE.”
“It literally says on the website that Mr. Trump and his family members own a 60 percent stake in this company. That’s silly,” Jacobs said. “I’m asking you a very simple question: do you believe it’s a conflict of interest to have a president personally profiting from a deal with a foreign government while selling weapons to that same government who’s enabling a genocide?”
Trump and his businesses have a huge financial stake in the Middle East, especially the UAE. Some of his real estate plans include a Trump-branded golf course in Qatar (as part of a $5.5 billion development project), and a $1 billion Trump hotel and residence in Dubai. Other investments include a $2 billion cryptocurrency stake by an Abu Dhabi firm into World Liberty Financial Coin.
The president has also come under intense recent scrutiny for accepting a super luxury jumbo jet from Qatari leadership in an act that was widely interpreted as a foreign bribe, including by longtime supporters of the president’s agenda such as far-right influencers Ben Shapiro and Laura Loomer. It was one of the most lavish gifts ever bestowed to a U.S. president.
Accepting gifts from foreign governments is a blatant violation of the Constitution’s Foreign Emoluments Clause, so in an effort to circumvent that, Trump has claimed that the plane is instead a donation to the Department of Defense. But his reported plans to shift ownership of the aircraft to his presidential library shortly before exiting office would effectively make that excuse null and void.
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