President-elect Donald J. Trump’s private business holdings present foreign and domestic conflicts of interest that are severe and unprecedented for an American president. Last week, instead of getting clarity about the president-elect’s plans to address these conflicts of interest in a long-promised press conference, Americans were left with little more that another vague pledge about transferring operations and nothing about transferring ownership. As the office in charge of overseeing executive branch ethics
noted, this is wholly inadequate. To protect the interests of the American people and the integrity of the presidency, Trump must resolve his conflicts of interest or resign from office.
As it stands, Trump will be in
violation of the Constitution the day he takes office because a key anti-foreign corruption provision, the
Emoluments Clause, bars the president from receiving payments or things of value from foreign states or their agents. As America’s founders understood, if foreign governments can give payments to federal officials, then those federal officials can be
bought.