
Trump 2.0 has no qualms about making money on the side
In the latest instance of him blending diplomacy, pageant and the profit motive, Trump on Tuesday inaugurated another golf course bearing his name in the town of Balmedie as he concluded a five-day visit to Scotland.
The ceremony, which featured bagpipes, fireworks and a Trump campaign song -- the Village People's "YMCA" -- was broadcast live on the White House YouTube channel.
Trump had led UK Prime Minister Keir Starmer on a tour of the course on Monday.
And Trump on Tuesday welcomed Scotland's leader, First Minister John Swinney, who has ruffled feathers by granting subsidies to hold a golf tournament at the Trump property.
'DEEPLY TROUBLING'
"All of this looks like foreign governments paying, or paying tribute to, Donald Trump's businesses in apparent attempts to curry favor with him and receive better treatment from him on key policy issues including trade deals," said Noah Bookbinder, head of an NGO called Citizens for Responsibility and Ethics in Washington (CREW).
Bookbinder called it "deeply troubling" that US diplomacy could be guided by the financial interests of the Trump family.
A White House official denied there was anything awry in Trump's golf diplomacy stay in Scotland, saying the president's assets are in a trust managed by his children and there is no conflict of interest.
The 79-year-old president teed off Tuedsay to play the new golf course with his son Eric, who led the project.
"We wanted this to be the greatest 36 holes anywhere on Earth. And there's no question that that's been achieved," said the younger Trump.
A journalist then asked Trump if blurring the line between his official duty as president and trying to make money amounted to a conflict of interest.
"I haven't heard that," Trump said, immediately changing the subject to his golf game.
"Did you get to see my drive in the first hole? ... Pretty long, pretty long," Trump said.
Eric and Donald Trump Jr, who was also here for the course inauguration, are both executive vice presidents of the Trump Organization, a holding company that features a wide range of Trump properties and other assets.
During his stay in Scotland, Trump also received European Commission president Ursula von der Leyen at another opulent Trump golf resort in the southwestern town of Turnberry.
CRYPTOCURRENCIES
The Trump family has more than a dozen ritzy golf resorts scattered around the world that can host receptions or tournaments, and the president has expressed hopes that the British Open will be played at their property in Turnberry one day.
Trump's sons are involved in a range of other businesses, encouraged openly by their father from the White House.
The president in particular has gotten involved in a number of cryptocurrency endeavors that have inflated his wealth as his government actively promotes the burgeoning sector of the economy.
Trump was roundly criticized for hosting a private dinner in April for the top 25 holders of $TRUMP, a crypto product associated with him and called a meme coin.
He has promoted this product on his social media platform Truth Social, which is part of the company Trump Media.
Trump also uses the platform for official government announcements on anything from tariffs to ties with Russia.
WORLD LIBERTY FINANCIAL
Trump's wife Melania is also involved in moneymaking endeavors, including a new documentary series produced by Amazon.
The president and Steve Witkoff, his envoy for Russia and the Middle East, are linked through their families to a cryptocurrency company called World Liberty Financial.
The company -- which lists Trump as "co-founder emeritus" on its website -- came under virulent criticism over a recent transaction with a company in Abu Dhabi, in the United Arab Emirates.
During a spring tour of the Middle East, Trump agreed to a request from UAE authorities to be able to buy cutting-edge US electronics.
While on the same trip, Trump agreed to accept a Boeing jetliner as a gift from Qatar to the United States, dismissing howls of protest from the Democrats over a gesture which they called a blatant conflict of interest.
During Trump's first term in office from 2017-2021, the Trump Organization declared a moratorium on investments with private companies in other countries. This time around there is no such abstention.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


eNCA
2 hours ago
- eNCA
World economies reel from Trump's tariffs punch
WASHINGTON - Global markets reeled on Friday after President Donald Trump's tariffs barrage against nearly all US trading partners as governments looked down the barrel of a seven-day deadline before higher duties take effect. Trump announced late on Thursday that dozens of economies, including the European Union, will face new tariff rates of between 10 and 41 percent. However, implementation will be on August 7 rather than Friday as previously announced, the White House said. This gives governments a window to rush to strike deals with Washington setting more favorable conditions. Neighboring Canada, one of the biggest US trade partners, was hit with 35 percent levies, up from 25 percent, effective Friday -- but with wide-ranging, current exemptions remaining in place. The tariffs are a demonstration of raw economic power that Trump sees putting US exporters in a stronger position, while encouraging domestic manufacturing by keeping out foreign imports. But the muscular approach has raised fears of inflation and other economic fallout in the world's biggest economy. Stock markets in Hong Kong, London and New York slumped as they digested the turmoil, while weak US employment data added to worries. Trump's actions come as debate rages over how best to steer the US economy, with the Federal Reserve this week deciding to keep interest rates unchanged, despite massive political pressure from the White House to cut. Data Friday showed US job growth missing expectations for July, while unemployment ticked up to 4.2 percent from 4.1 percent. On Wall Street, the S&P 500 dropped 1.6 percent, while the Nasdaq tumbled 2.2 percent. Political goals Trump raised duties on around 70 economies, from a current 10 percent level imposed in April when he unleashed "reciprocal" tariffs citing unfair trade practices. AFP | Patrick T. Fallon The new, steeper levels listed in an executive order vary by trading partner. Any goods "transshipped" through other jurisdictions to avoid US duties would be hit with an additional 40 percent tariff, the order said. But Trump's duties also have a distinctly political flavor, with the president using separate tariffs to pressure Brazil to drop the trial of his far-right ally, former president Jair Bolsonaro. He also warned of trade consequences for Canada, which faces a different set of duties, after Prime Minister Mark Carney announced plans to recognize a Palestinian state at the UN General Assembly in September. In targeting Canada, the White House cited its failure to "cooperate in curbing the ongoing flood of fentanyl and other illicit drugs" -- although Canada is not a major source of illegal narcotics. By contrast, Trump gave more time to Mexico, delaying for 90 days a threat to increase its tariffs from 25 percent to 30 percent. But exemptions remain for a wide range of Canadian and Mexican goods entering the United States under an existing North American trade pact. Carney said his government was "disappointed" with the latest rates hike but noted that with exclusions the US average tariff on Canadian goods remains one of the lowest among US trading partners. 'Tears up' rule book AFP | RONALDO SCHEMIDT With questions hanging over the effectiveness of bilateral trade deals struck -- including with the EU and Japan -- the outcome of Trump's overall plan remains uncertain. "No doubt about it -- the executive order and related agreements concluded over the past few months tears up the trade rule book that has governed international trade since World War II," said Wendy Cutler, senior vice president of the Asia Society Policy Institute. On Friday, Trump said he would consider distributing a tariff "dividend" to Americans. Notably excluded from Friday's drama was China, which is in the midst of negotiations with the United States. Washington and Beijing at one point brought tit-for-tat tariffs to triple-digit levels, but have agreed to temporarily lower these duties and are working to extend their truce. Those who managed to strike deals with Washington to avert steeper threatened levies included Vietnam, Japan, Indonesia, the Philippines, South Korea and the European Union. Among other tariff levels adjusted in Trump's latest order, Switzerland now faces a higher 39 percent duty. By Beiyi Seow


Eyewitness News
13 hours ago
- Eyewitness News
US job growth weaker than expected in July as unemployment rises
WASHINGTON - US job growth missed expectations in July, government data showed Friday, while revisions to hiring figures in recent months brought them to the weakest levels since the Covid-19 pandemic. The employment numbers appear to signal risks in the key labour market in the world's biggest economy, as companies grapple with President Donald Trump's sweeping tariffs. The world's biggest economy added 73,000 jobs last month, while hiring numbers were revised significantly lower for May and June, the Labour Department said. The jobless rate nudged up from 4.1% to 4.2%. Experts have warned that private sector firms appear to be in a wait-and-see mode due to heightened uncertainty over Trump's rapidly changing trade policy. With tariff levels climbing since the start of the year, both on imports from various countries and on sector-specific products such as steel, aluminum and autos, many firms have faced higher business costs -- which some are now passing along. On Friday, the Department of Labour said hiring numbers for May were revised down from 144,000 to 19,000. The figure for June was shifted from 147,000 to 14,000. This was lower than job creation levels in recent years. During the pandemic, the economy lost jobs.


The Citizen
15 hours ago
- The Citizen
24 hours in pictures, 1 August 2025
24 hours in pictures, 1 August 2025 Through the lens: The Citizen's Picture Editors select the best news photographs from South Africa and around the world. Congress activists burn an effigy of US President Donald Trump and Indian Prime Minister Narendra Modi as they protest against the Indo-US trade deal, after the former imposed 25 percent tariffs on Indian goods, during a demonstration in Kolkata on August 1, 2025. President Trump labelled Russia and US ally India 'dead economies,' indicating that his threat to ramp up tariffs on New Delhi will now go ahead. India will face 25 percent tariffs while also announcing an unspecified 'penalty' over New Delhi's purchases of Russian weapons and energy. (Photo by Dibyangshu SARKAR / AFP) Participants attend the launch of Ghana's Affirmative Action (Gender Equality) Act at the Accra International Conference Centre, in Accra, Ghana, 31 July 2025. 31 July marks the official launch of Ghana's Affirmative Action Act which was passed a year ago by Ghana's Parliament. Ghana's Affirmative Action (Gender Equality) Act, 2024, mandates a minimum of 30 percent women's representation across public institutions, increasing to 50 percent by 2030. It also introduces penalties for non-compliance, tax incentives for private sector adherence, and applies to political parties, trade unions, the judiciary, and public agencies. Picture: EPA/FRANK KPORFOR Cowboy boots are seen at the Rio of Mercedes cowboy boot factory, on July 31, 2025, in Mercedes, Texas. In an unusual consequence of Donald Trump's tariffs, cowboy boots 'made in the USA' will suffer from the 30% tariff due to come into force on August 1 targeting South Africa, which produces the overwhelming majority of the ostrich leather so prized for these boots. (Photo by RONALDO SCHEMIDT / AFP) (L-R) Silver medallist South Africa's swimmer Pieter Coetze, gold medallist Hungary's swimmer Hubert Kos and bronze medallist France's swimmer Yohann Ndoye-Brouard celebrate on the podium of the men's 200m backstroke swimming event during the 2025 World Aquatics Championships in Singapore on August 1, 2025. (Photo by MANAN VATSYAYANA / AFP) This handout photo taken over Gaza and released on August 1, 2025 by the Spanish Ministry of Defence shows the release of humanitarian aid from a Spanish Air Force Airbus A400M Atlas airplane over Gaza. (Photo by HANDOUT / Spain Defence Ministry / AFP) Festival-goers attend the first day of the Pol'and'Rock Festival in Czaplinek, north-western Poland, 31 July 2025. The festival will run until 02 August. Picture: EPA/JERZY MUSZYNSKI A fisherman smokes a beedi, a hand-rolled cigarette, as he rests inside his boat on the banks of the Yamuna River in New Delhi on August 1, 2025. (Photo by Arun SANKAR / AFP) Hot air balloons are prepared to participate during the celebration of the XXV International Hot Air Balloon Regatta 'Haro, capital of Rioja' and the XLI Spanish Aerostation Championship, in Haro, La Rioja, Spain, 31 July 2025. The events take place from 30 July to 03 August. Picture: EPA/RAQUEL MANZANARES Members of the Gumatj clan of the Yolngu people from north-eastern Arnhem Land perform the Bunggul traditional dance during the 25th annual Garma Festival in Gulkula, Northern Territory, Australia, 01 August 2025. Garma Festival, Australia's most significant Indigenous cultural gathering, is held each year on Yolu Country in northeast Arnhem Land, uniting ceremony, community, and national dialogue as it celebrates a significant 25-year milestone in 2025. Picture: EPA/JAMES ROSS Soldiers of the Croatian Armed Forces take part in a military parade in Zagreb, Croatia, 31 July 2025. Croatia marked the 30th anniversary of Operation Storm, the last major battle of the Croatian War of Independence in August 1995, with a military parade featuring more than 3,500 soldiers and several hundred military vehicles. Picture: EPA/ANTONIO BAT A cosplayer in the character of Zhuge Liang of a video game poses during ChinaJoy, known as China Digital Entertainment Expo and Conference, at the Shanghai New International Expo Centre in Shanghai on August 1, 2025. (Photo by Hector RETAMAL / AFP) MORE: 24 hours in pictures, 31 July 2025