Eric Trump will keep his father, the president of the United States, abreast of the family business profits.
Opting against selling his business or placing it in a blind trust, President Donald Trump left management of the Trump Organization in the hands of his older two sons, Eric Trump and Donald Trump Jr.
In an interview with Forbes published Friday, Eric Trump described the setup as “kind of a clear separation of church and state that we maintain.”
“I am deadly serious about that exercise,” he said. “I do not talk about the government with him, and he does not talk about the business with us. That’s kind of a steadfast pact we made, and it’s something that we honor.”
But nearly two minutes later, Eric Trump admitted that he will keep his father up to speed on some aspects of the business.
“Yeah, on the bottom line, profitability reports and stuff like that, but you know, that’s about it,” he said, adding that the updates will be “probably quarterly.”
“My father and I are very close,” he said. “I talk to him a lot. We’re pretty inseparable.”
Trump and his White House have argued that the commander in chief is exempt from any conflicts of interest but that he handed over management of his company to fully focus on his administration.
Lawyers for the president have said the company won’t enter any new foreign deals and that any new domestic deals must be approved by an ethics adviser. Ethicists, however, have repeatedly criticized the arrangement, which they contend doesn’t go far enough to separate the president from his massive business empire.
“The statement that the president made earlier that he wasn’t going to talk to his children about the business sounded good, but the reality was there…