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Trump Family Business Expands in Second Term Amid Ethics Concerns

Published 14 April 2026

The Trump family's business empire has expanded rapidly during President Donald Trump's second term, completing eight overseas real estate deals in the past year after none in his first term, while venturing deeply into cryptocurrencies and investing in companies seeking U.S. government contracts. These activities, led primarily by sons Eric Trump and Donald Trump Jr., have prompted questions about potential conflicts of interest, though the White House and the Trump Organization maintain that no ethical issues exist.

In contrast to the first term, when the Trump Organization avoided international transactions, the second term has seen projects in several countries. In Qatar, a golf club and villa development involves a company owned by the Qatari government. Vietnam's deputy prime minister approved a resort deal after reports that farmers were displaced to accommodate it. In Saudi Arabia, a Red Sea resort is under construction by a developer linked to the ruling family, and a recent agreement includes Trump-branded mansions, a hotel and golf course tied to the kingdom's sovereign wealth fund. The Trump Organization received tens of millions in fees from these ventures....

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