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Undermining the Constitution: The President's Foreign Deals

Last updated: July 16, 2026. This page supplements the Abuse of Power page.


Foreign Business Dealings

Date Administration Action Why is this Unethical? Notes
April 2025 President Trump’s company signed a deal to build a golf course in Qatar with a Saudi Arabian company and one owned by the Qatari government. This deal, in addition to his other global business holdings, raises questions about his ability to separate U.S. foreign policy from his own financial interests. Qatar’s royal family also gave the president a $400 million jet destined for his presidential library (see the Abuse of Power page).
May 2025 The Trump family’s business announced that a fund backed by the United Arab Emirates would be investing $2 billion in the president’s cryptocurrency. The announcement was made by a founder of the Trump family crypto business who is also the son of the U.S. envoy to the Middle East. This raises a litany of conflicts of interest, including regarding how the president regulates cryptocurrency and whether these ventures shape his foreign policy. A Senate resolution formally states the deal “is a violation of the Foreign Emoluments Clause”, since Congress never consented. The deal was consummated: the Emirati fund used $2 billion of the family’s stablecoin to buy a stake in Binance — whose founder the president then pardoned — and reporting links the arrangement to the administration’s approval of advanced-chip sales to the UAE.
2025–2026 The Trump Organization’s foreign business exploded during the presidency: watchdogs count 24 Trump-branded projects under development abroad, including roughly $10 billion in projects with a Saudi developer, groundbreakings in Vietnam, and a new Dubai tower. These are direct financial pipelines from foreign governments and government-linked developers to the sitting president while he sets policy toward those countries — the core concern of the Foreign Emoluments Clause. Forbes found foreign licensing revenue grew roughly 900% since Trump returned to power, generating $61 million in 2026 alone (UAE $23M, India $10M, Saudi Arabia $9M, Qatar, Romania, and Vietnam $5M each). In April 2026, House Judiciary members filed resolutions demanding compliance with both Emoluments Clauses, citing these deals; standing obstacles have kept the merits out of court.

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