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Trump’s efforts to step away from private empire limited

Tuesday, January 10, 2017

Washington: President-elect Donald Trump pledged to step away from his family-owned international real estate development, property management and licensing business before taking office January 20. With less than two weeks until his inauguration, he hasn't stepped very far.

Trump has canceled a handful of international deals and dissolved a few shell companies created for prospective investments. Still, he continues to own or control some 500 companies that make up the Trump Organisation, creating a tangle of potential conflicts of interest without precedent in modern US history.

The president-elect is expected to give an update on his effort to distance himself from his business at a Wednesday news conference. He told The Associated Press on Friday that he would be announcing a "very simple solution."

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