WASHINGTON (Sputnik) — President-elect Donald Trump will donate all profits from his hotels that were paid by foreign governments to the US Treasury, Trump's attorney Sheri Dillon told reporters at a press conference in New York City on Wednesday.
"He [Trump] is going to voluntarily donate all profits from foreign government payments made to his hotels to the United States Treasury," Dillon stated. "This way it is the American people who will profit."
US President-elect Donald Trump's business assets will be put in a blind trust prior to his inauguration on January 20, Dillon said.
"[The] trust is going to hold business assets," Dillon told reporters. "Trump golf clubs, resorts, hotels, other business assets will all be in the trust."
Dillon pointed out that while US presidents and vice-presidents are not required by law to completely divest from their businesses, Trump has decided to do so to avoid any appearance of conflict of interest during his presidency.
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